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$340,000
<br />City of Lino Lakes, Minnesota
<br />General Obligation Bonds, Series 2014A
<br />Improvement Portion - 21st Ave Project
<br />NET DEBT SERVICE SCHEDULE
<br />Date Principal Coupon Interest Total P+I Capitalized Net New D/S 105% of Assessment Annual
<br />Interest Total Surplus
<br />02/01/2015 - - - - -
<br />02/01/2016 - 7,521.00 7,521.00 (7,521.00) - -
<br />02/01/2017 30,000.00 0.750% 6,210.00 36,210.00 - 36,210.00 38,020.50 42,786.10 4,765.60
<br />02/01/2018 30,000.00 1.050% 5,985.00 35,985.00 - 35,985.00 37,784.25 42,786.10 5,001.85
<br />02/01/2019 35,000.00 1.300% 5,670.00 40,670.00 - 40,670.00 42,703.50 42,786.10 82.60
<br />02/01/2020 35,000.00 1.550% 5,215.00 40,215.00 - 40,215.00 42,225.75 42,786.10 560.35
<br />02/01/2021 35,000.00 1.800% 4,672.50 39,672.50 - 39,672.50 41,656.13 42,786.10 1,129.98
<br />02/01/2022 35,000.00 2.050% 4,042.50 39,042.50 39,042.50 40,994.63 42,786.11 1,791.49
<br />02/01/2023 35,000.00 2.150% 3,325.00 38,325.00 - 38,325.00 40,241.25 42,786.10 2,544.85
<br />02/01/2024 35,000.00 2.300% 2,572.50 37,572.50 37,572.50 39,451.13 42,786.10 3,334.98
<br />02/01/2025 35,000.00 2.450% 1,767.50 36,767.50 - 36,767.50 38,605.88 42,786.11 4,180.24
<br />02/01/2026 35,000.00 2.600% 910.00 35,910.00 35,910.00 37,705.50 42,786.10 5,080.60
<br />Total $340,000.00 - $47,891.00 $387,891.00 (7,521.00) $380,370.00 $399,388.50 $427,861.02 $28,472.52
<br />SIGNIFICANT DATES
<br />Dated 11/15/2014
<br />Delivery Date 11/15/2014
<br />First Coupon Date 8/01/2015
<br />Yield Statistics
<br />Bond Year Dollars $2,321.78
<br />Average Life 6.829 Years
<br />Average Coupon 2.0626866%
<br />Net Interest Cost (NIC) 2.2091261%
<br />True Interest Cost (TIC) 2.2094766%
<br />Bond Yield for Arbitrage Purposes 1.7581698%
<br />All Inclusive Cost (AIC) 2.5183320%
<br />IRS Form 8038
<br />Net Interest Cost 2.0626866%
<br />Weighted Average Maturity 6.829 Years
<br />2014A GO Bonds Improvement Bond Portion 9/10/20/4 4:44 PM
<br />Springsted
<br />Page 7
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