|
•
<br />1
<br />•
<br />$2,030,000
<br />City of Lino Lakes, Minnesota
<br />General Obligation Bonds, Series 2012A
<br />Project Summary
<br />Dated 11/15/20121 Delivered 11/15/2012
<br />Signal
<br />Improvements
<br />Ref 2003A
<br />Sources Of Funds
<br />Par Amount of Bonds $1,595,000.00 $435,000.00
<br />Trunk Utility Fund Contribution 32,000.00
<br />Total Sources $1,627,000.00 5435,000.00
<br />Issue
<br />Summary
<br />$2,030,000.00
<br />32,000.00
<br />$2,062,000.00
<br />Uses Of Funds
<br />Deposit to Project Construction Fund 1,551,000.00 - 1,551,000.00
<br />Deposit to Current Refunding Fund - 425,000.00 425,000.00
<br />Costs of Issuance 32,105.36 9,119.64 41,225.00
<br />Deposit to Capitalized Interest (CIF) Fund 27,286.33 27,286.33
<br />Total Underwriter's Discount (0.800 %) 12,760.00 3,480.00 16,240.00
<br />Rounding Amount 3,848.31 (2,599.64) 1,248.67
<br />Total Uses $1,627,000.00 $435,000.00 $2,062,000.00
<br />Flow of Funds Detail
<br />Primary Purpose Fund Solution Method Net Funded Gross Funded Gross Funded
<br />Total Cost of Investments $1,551,000.00 $425,000.00 $1,976,000.00
<br />Total Draws $1,551,000.00 $425,000.00 $1,976,000.00
<br />Capitalized hterest Fund Solution Method Net Funded Net Funded Net Funded
<br />Original Bond Proceeds 27,286.33 - 27,286.33
<br />Accrued Interest
<br />Total Draws $27,286.33 $27,286.33
<br />PV Analysis Summary (Net to Net)
<br />Net PV Cashfbw Savings 34,937.70
<br />Contingency or Rounding Amount - (2,599.64)
<br />Net Present Value Benefit $32,338.06
<br />Net PV Benefit / - Refunded Principal 7.609%
<br />Net PV Benefit/ - Refunding Principal 7.434%
<br />Bond Statistics
<br />Average Life 6.822 Years 3.751 Years 6.164 Years
<br />Average Coupon 1.6085352% 1.0406749% 1.5344832%
<br />Net Interest Cost (NIC) 1.7257960% 1.2539320% 1.6642625%
<br />Bond Yield for Arbitrage Purposes 1.5253735% 1.5253735% 1.5253735%
<br />True Interest Cost (TIC) 1.7254668% 1.2581240% 1.6631891 %
<br />All Inclusive Cost (AC) 2.0468060% 1.8451530% 2.0198265%
<br />2012A GO New Monet/ and Re 1 issue Summary 1 9/10/2012 1 1135A
<br />Page 5
<br />
|