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09/25/2006 Council Packet
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09/25/2006 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
09/25/2006
Council Meeting Type
Regular
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• <br />• <br />$3,025,000 <br />City of Lino Lakes, Minnesota <br />General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E <br />Current Refunding of Series 1998A (79.45% of Prior Bonds) <br />Debt Service Schedule <br />Date <br />Principal Coupon interest Total P +I <br />02/01/2007 29,248.75 29,248.75 <br />02/01/2008 116,995.00 116,995.00 <br />02/01 /2009 116,995.00 116,995.00 <br />02/01/2010 85,000.00 3.650% 116,995.00 201, 995.00 <br />02/01/2011 320,000.00 3.700% 113,892.50 433,892.50 <br />02/01/2012 330,000.00 3.700% 102,052.50 432,052.50 <br />02/01/2013 350,000.00 3.750% 89,842.50 439,842.50 <br />02/01/2014 355, 000.00 3.850% 76,717.50 431,717.50 <br />02/01/2015 370,000.00 3.900% 63,050.00 433,050.00 <br />02/01/2016 385,000.00 3.950% 48,620.00 433,620.00 <br />02/01/2017 405,000.00 4.000% 33,412.50 438,412.50 <br />02/01/2018 425,000.00 4.050% 17,212.50 442,212.50 <br />Total $3,025,000.00 $925,033.75 <br />$3,950,033.75 <br />Yield Statistics <br />Bond Year Dollars $23,676.25 <br />Average Life 7.827 Years <br />Average Coupon 3.9070112% <br />Net Interest Cost (NIC) 4.0283882% <br />True Interest Cost (TIC) 4.0472247% <br />Bond Yield for Arbitrage Purposes 3.9027316% <br />All Inclusive Cost (AIC) 4.2512751% <br />IRS Form 8038 <br />Net Interest Cost 4.0283882% <br />Weighted Average Maturity 7.827 Years <br />SY•rs 2001; Ref 98A EPA a / SINGLEP7/RPOSE / 9/72/200!; / 77: 15 AM <br />Springsted <br />- 6 8 - <br />Page 12 <br />
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