|
•
<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 $8,093.33
<br />Average Life 8.797 Years
<br />Average Coupon 3.7718029%
<br />Net Interest Cost (NIC) 3.8968441%
<br />True Interest Cost (TIC) 3.8857665%
<br />Bond Yield for Arbitrage Purposes 3.2160046%
<br />All Inclusive Cost (AIC) 4.0993473%
<br />IRS FORM 8038
<br />Net Interest Cost 3.7718029%
<br />Weighted Average Maturity 8.797 Years
<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 />Springsted Incorporated File = LINOLAKES. SF- Series 2003A -New Projects
<br />Advisors to the Public Sector 10/20/2003 10:00 AM
<br />Page 13
<br />$920,000
<br />City of Lino Lakes, Minnesota
<br />General Obligation Improvement Bonds and Refunding, Series 2003A
<br />PROJECT PORTION
<br />NET DEBT SERVICE SCHEDULE
<br />Assessment
<br />Annual
<br />Date
<br />Principal
<br />Coupon
<br />Interest
<br />Total P +I
<br />105% of Total
<br />Income
<br />Surplus
<br />(1)
<br />(2)
<br />(3)
<br />(4)
<br />(5)
<br />(6)
<br />(7)
<br />2/01/2004
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />2/01/2005
<br />45,000.00
<br />1.300%
<br />35,907.08
<br />80,907.08
<br />84,952.43
<br />99,580.61
<br />14,628.18
<br />2/01/2006
<br />50,000.00
<br />1.650%
<br />30,192.50
<br />80,192.50
<br />84,202.13
<br />99,580.60
<br />15,378.48
<br />2/01/2007
<br />55,000.00
<br />2.050%
<br />29,367.50
<br />84,367.50
<br />88,585.88
<br />99,580.60
<br />10,994.73
<br />2/01/2008
<br />55,000.00
<br />2.350%
<br />28,240.00
<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 />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 />84,485.63
<br />99,580.58
<br />15,094.96
<br />2/01/2011
<br />60,000.00
<br />3.400%
<br />23,757.50
<br />83,757.50
<br />87,945.38
<br />99,580.61
<br />11,635.24
<br />2/01/2012
<br />60,000.00
<br />3.600%
<br />21,717.50
<br />81,717.50
<br />85,803.38
<br />99,580.61
<br />13,777.24
<br />2/01/2013
<br />60,000.00
<br />3.700%
<br />19,557.50
<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 />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 />83,860.88
<br />99,580.62
<br />15,719.75
<br />2/01/2016
<br />70,000.00
<br />4.000%
<br />12,300.00
<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 />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 />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 />87,654.00
<br />99,580.58
<br />11,926.58
<br />Total
<br />920,000.00
<br />-
<br />305,264.58
<br />1,225,264.58
<br />1,286,527.81
<br />1,493,709.02
<br />207,181.21
<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 $8,093.33
<br />Average Life 8.797 Years
<br />Average Coupon 3.7718029%
<br />Net Interest Cost (NIC) 3.8968441%
<br />True Interest Cost (TIC) 3.8857665%
<br />Bond Yield for Arbitrage Purposes 3.2160046%
<br />All Inclusive Cost (AIC) 4.0993473%
<br />IRS FORM 8038
<br />Net Interest Cost 3.7718029%
<br />Weighted Average Maturity 8.797 Years
<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 />Springsted Incorporated File = LINOLAKES. SF- Series 2003A -New Projects
<br />Advisors to the Public Sector 10/20/2003 10:00 AM
<br />Page 13
<br />
|