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<br />$1,745,000
<br />City of Lino Lakes, Minnesota
<br />General Obligation Water Revenue Refunding Bonds, Series 2006F
<br />Current Refunding of Series 1996B
<br />Debt Service Comparison
<br />Date Total P +I Escrow Existing D/S Net New D/S Old Net D/S Savings
<br />02/01/2007
<br />02/01/2008 294,618.75
<br />02/01/2009 416,062.50
<br />02/01/2010 418,102.50
<br />02/01/2011 419,415.00
<br />02/01/2012 419,985.00
<br />(14,897.61)
<br />252,440.00 237,542.39 252,440.00 14,897.61
<br />294,618.75 304,480.00 9,861.25
<br />416,062.50 428,350.00 12,287.50
<br />418,102.50 429,720.00 11,617.50
<br />419,415.00 429,645.00 10,230.00
<br />419,985.00 428,085.00 8,100.00
<br />Total $1,968,183.75 (14,897.61) $252,440.00 $2,205,726.14 $2,272,720.00 $66,993.86
<br />PV Analysis Summary (Net to Net)
<br />Net FV Cashflow Savings 66,993.86
<br />Gross PV Debt Service Savings 47,109.25
<br />PV of Escrow Eamings 14,762.95
<br />Net PV Cashflow Savings @ 3.665 %(Bond Yield) 61,872.20
<br />Contingency or Rounding Amount 838.75
<br />Net Future Value Benefit $67,832.61
<br />Net Present Value Benefit $62,710.95
<br />Net PV Benefit / $284,528.90 PV Refunded Interest 22.040%
<br />Net PV Benefit / $1,792,109.25 PV Refunded Debt Service 3.499%
<br />Net PV Benefit/ $1,710,000 Refunded Principal 3.667%
<br />Net PV Benefit / $1,745,000 Refunding Principal 3.594%
<br />Refunding Bond Information
<br />Refunding Dated Date 11/01/2006
<br />Refunding Delivery Date 11/01/2006
<br />Se .,, 2008 Ref 9614 / SINGLE PI. POSE / 9/15/2000 / 8:56 AM
<br />Springsted
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