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<br />Preliminary
<br />$4,800,000
<br />City of Lino Lakes, Minnesota
<br />General Obligation Utility Revenue Bonds, Series 2020A
<br />Debt Service Schedule
<br />Date Principal Coupon Interest Total P+I 105% of Debt
<br />Service
<br />02/01/2021 320,000.00 1.300%43,577.62 363,577.62 381,756.50
<br />02/01/2022 290,000.00 1.310%73,120.50 363,120.50 381,276.53
<br />02/01/2023 295,000.00 1.320%69,321.50 364,321.50 382,537.58
<br />02/01/2024 300,000.00 1.330%65,427.50 365,427.50 383,698.88
<br />02/01/2025 305,000.00 1.350%61,437.50 366,437.50 384,759.38
<br />02/01/2026 305,000.00 1.400%57,320.00 362,320.00 380,436.00
<br />02/01/2027 310,000.00 1.450%53,050.00 363,050.00 381,202.50
<br />02/01/2028 315,000.00 1.500%48,555.00 363,555.00 381,732.75
<br />02/01/2029 320,000.00 1.550%43,830.00 363,830.00 382,021.50
<br />02/01/2030 325,000.00 1.650%38,870.00 363,870.00 382,063.50
<br />02/01/2031 330,000.00 1.750%33,507.50 363,507.50 381,682.88
<br />02/01/2032 335,000.00 1.850%27,732.50 362,732.50 380,869.13
<br />02/01/2033 345,000.00 1.950%21,535.00 366,535.00 384,861.75
<br />02/01/2034 350,000.00 2.050%14,807.50 364,807.50 383,047.88
<br />02/01/2035 355,000.00 2.150%7,632.50 362,632.50 380,764.13
<br />Total $4,800,000.00 -$659,724.62 $5,459,724.62 $5,732,710.85
<br />SIGNIFICANT DATES
<br />
<br />Dated...................................................................................................................................................................................................7/08/2020
<br />Delivery Date...........................................................................................................................................................................................7/08/2020
<br />First Coupon Date.......................................................................................................................................................................................2/01/2021
<br />
<br />Yield Statistics
<br />
<br />Bond Year Dollars.......................................................................................................................................................................................$37,426.67
<br />Average Life............................................................................................................................................................................................7.797 Years
<br />Average Coupon..........................................................................................................................................................................................1.7627127%
<br />
<br />Net Interest Cost (NIC).................................................................................................................................................................................1.9294388%
<br />True Interest Cost (TIC)................................................................................................................................................................................1.9382597%
<br />Bond Yield for Arbitrage Purposes.......................................................................................................................................................................1.7546200%
<br />All Inclusive Cost (AIC)................................................................................................................................................................................2.0946959%
<br />
<br />IRS Form 8038
<br />Net Interest Cost.......................................................................................................................................................................................1.7627127%
<br />Weighted Average Maturity...............................................................................................................................................................................7.797 Years
<br />
<br />Interest rates are estimates. Changes in rates may
<br />cause significant alterations to this schedule.
<br />The actual underwriter's discount bid may also vary.
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