|
Dated 12/01/2003
<br />Delivery Date 12/01/2003
<br />First Coupon Date 8/01/2004
<br />YIELD STATISTICS
<br />Bond Year Dollars $10,663.33
<br />Average Life 5.030 Years
<br />Average Coupon 3.2902625%
<br />Net Interest Cost (NIC) 3.5089559%
<br />True Interest Cost (TIC) 3.4652997%
<br />Bond Yield for Arbitrage Purposes 3.2160046%
<br />All Inclusive Cost (AIC) 3.7766465%
<br />IRS FORM 8038
<br />Net Interest Cost 3.2902625%
<br />Weighted Average Maturity
<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.
<br />5.030 Years
<br />Springsted Incorporated
<br />Advisors to the Public Sector
<br />•
<br />File = LINOLAKES.SF -Series 2003A -Issue Summary
<br />10/20/2003 9:59 AM
<br />Page 8
<br />$2,120,000
<br />City of Lino Lakes, Minnesota
<br />General Obligation Improvement and Refunding Bonds
<br />Series 2003A
<br />NET DEBT SERVICE SCHEDULE
<br />New Assmt Remaining Assmts Annual
<br />Date
<br />Principal
<br />Coupon
<br />Interest
<br />Total P +I
<br />PCF
<br />Existing D/S
<br />Net New D/S
<br />105% of Total
<br />Income
<br />1996A Bonds Surplus
<br />(1)
<br />(2)
<br />(3)
<br />(4)
<br />(5)
<br />(6)
<br />(7)
<br />(8)
<br />(9)
<br />(10) (11)
<br />2/01/2004
<br />-
<br />-
<br />-
<br />-
<br />(1,946.76)
<br />439,630.00
<br />437,683.24
<br />459,567.40
<br />-
<br />Collected in 2003
<br />2/01/2005
<br />460,000.00
<br />1.300%
<br />59,109.16
<br />519,109.16
<br />-
<br />-
<br />519,109.16
<br />545,064.62
<br />99,580.61
<br />474,834.00 29,349.99
<br />2/01/2006
<br />450,000.00
<br />1.650%
<br />44,685.00
<br />494,685.00
<br />-
<br />-
<br />494,685.00
<br />519,419.25
<br />99,580.60
<br />448,262.00 28,423.35
<br />2/01/2007
<br />440,000.00
<br />2.050%
<br />37,260.00
<br />477,260.00
<br />-
<br />-
<br />477,260.00
<br />501,123.00
<br />99,580.60
<br />421,689.00 20,146.60
<br />2/01/2008
<br />55,000.00
<br />2.350%
<br />28,240.00
<br />83,240.00
<br />-
<br />-
<br />83,240.00
<br />87,402.00
<br />99,580.59
<br />12,178.59
<br />2/01/2009
<br />55,000.00
<br />2.700%
<br />26,947.50
<br />81,947.50
<br />-
<br />-
<br />81,947.50
<br />86,044.88
<br />99,580.58
<br />13,535.71
<br />2/01/2010
<br />55,000.00
<br />3.100%
<br />25,462.50
<br />80,462.50
<br />-
<br />-
<br />80,462.50
<br />84,485.63
<br />99,580.58
<br />15,094.95
<br />2/01/2011
<br />60,000.00
<br />3.400%
<br />23,757.50
<br />83,757,50
<br />-
<br />-
<br />83,757.50
<br />87,945.38
<br />99,580.61
<br />11,635.23
<br />2/01/2012
<br />60,000.00
<br />3.600%
<br />21,717.50
<br />81,717.50
<br />-
<br />-
<br />81,717.50
<br />85,803.38
<br />99,580.61
<br />13,777.23
<br />2/01/2013
<br />60,000.00
<br />3.700%
<br />19,557.50
<br />79,557.50
<br />-
<br />-
<br />79,557.50
<br />83,535.38
<br />99,580.60
<br />16,045.23
<br />2/01/2014
<br />65,000.00
<br />3.800%
<br />17,337.50
<br />82,337.50
<br />-
<br />-
<br />82,337.50
<br />86,454.38
<br />99,580.62
<br />13,126.25
<br />2/01/2015
<br />65,000.00
<br />3.950%
<br />14,867.50
<br />79,867.50
<br />-
<br />-
<br />79,867.50
<br />83,860.88
<br />99,580.62
<br />15,719.74
<br />2/01/2016
<br />70,000.00
<br />4.000%
<br />12,300.00
<br />82,300.00
<br />-
<br />-
<br />82,300.00
<br />86,415.00
<br />99,580.61
<br />13,165.61
<br />2/01/2017
<br />70,000.00
<br />4.100%
<br />9,500.00
<br />79,500.00
<br />-
<br />-
<br />79,500.00
<br />83,475.00
<br />99,580.62
<br />16,105.62
<br />2/01/2018
<br />75,000.00
<br />4.200%
<br />6,630.00
<br />81,630.00
<br />-
<br />-
<br />81,630.00
<br />85,711.50
<br />99,580.59
<br />13,869.09
<br />2/01/2019
<br />80,000.00
<br />4.350%
<br />3,480.00
<br />83,480.00
<br />-
<br />-
<br />83,480.00
<br />87,654.00
<br />99,580.58
<br />11,926.58
<br />Total
<br />2,120,000.00
<br />-
<br />350,851.66
<br />2,470,851.66
<br />(1,946.76)
<br />439,630.00
<br />2,908,534.90
<br />3,053,961.65
<br />1,493,709.02
<br />1,344,785.00 244,099.78
<br />Dated 12/01/2003
<br />Delivery Date 12/01/2003
<br />First Coupon Date 8/01/2004
<br />YIELD STATISTICS
<br />Bond Year Dollars $10,663.33
<br />Average Life 5.030 Years
<br />Average Coupon 3.2902625%
<br />Net Interest Cost (NIC) 3.5089559%
<br />True Interest Cost (TIC) 3.4652997%
<br />Bond Yield for Arbitrage Purposes 3.2160046%
<br />All Inclusive Cost (AIC) 3.7766465%
<br />IRS FORM 8038
<br />Net Interest Cost 3.2902625%
<br />Weighted Average Maturity
<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.
<br />5.030 Years
<br />Springsted Incorporated
<br />Advisors to the Public Sector
<br />•
<br />File = LINOLAKES.SF -Series 2003A -Issue Summary
<br />10/20/2003 9:59 AM
<br />Page 8
<br />
|