|
$1,170,000
<br />City of Lino Lakes, Minnesota
<br />General Obligation Bonds, Series 2014A
<br />Improvement Portion - Northpointe Project
<br />NET DEBT SERVICE SCHEDULE
<br />Date Principal Coupon Interest Total P+I Capitalized Net New D/S 105% of Total Assessment Annual
<br />Interest Surplus
<br />02/01/2015
<br />02/01/2016 - - 18,357.42 18,357.42 (18,357.42) - - -
<br />02/01/2017 230,000.00 0.750% 15,157.50 245,157.50 245,157.50 257,415.38 262,606.30 5,190.92
<br />02/01/2018 230,000.00 1.050% 13,432.50 243,432.50 243,432.50 255,604.13 262,606.30 7,002.18
<br />02/01/2019 235,000.00 1.300% 11,017.50 246,017.50 246,017.50 258,318.38 262,606.30 4,287.93
<br />02/01/2020 235,000.00 1.550% 7,962.50 242,962.50 242,962.50 255,110.63 262,606.30 7,495.68
<br />02/01/2021 240,000.00 1.800% 4,320.00 244,320.00 244,320.00 256,536.00 262,606.30 6,070.30
<br />Total $1,170,000.00 - $70,247.42 $1,240,247.42 (18,357.42) $1,221,890.00 $1,282,984.50 $1,313,031.50 $30,047.00
<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 $4,952.00
<br />Average Life 4.232 Years
<br />Average Coupon 1.4185666%
<br />Net Interest Cost (NIC) 1.6548348%
<br />True Interest Cost (TIC) 1.6610334%
<br />Bond Yield for Arbitrage Purposes 1.7581698%
<br />All Inclusive Cost (AIC) 2.1370035%
<br />IRS Form 8038
<br />Net Interest Cost 1.4185666%
<br />Weighted Average Maturity 4.232 Years
<br />2014A GO Bonds I Improvement Bond Portion 19/10/2014 I 4:44 PM
<br />Springsted
<br />Page 8
<br />
|