|
•
<br />Dated Date
<br />First Interest
<br />Mature
<br />6/1198
<br />2/1/99
<br />2/1
<br />•
<br />Lino Lakes Economic Development Authority
<br />Community Center Lease Revenue Bonds, Series 1997
<br />I ;
<br />,uL`;L- K
<br />•
<br />Levy
<br />Year
<br />(1)
<br />Maturity
<br />Date
<br />(2)
<br />Principal
<br />(3)
<br />Rates
<br />(4)
<br />Interest
<br />(5)
<br />Total
<br />Principal &
<br />Interest
<br />(6)
<br />Capitalized
<br />Interest
<br />(7)
<br />Net
<br />Levy
<br />Required
<br />(8)
<br />Existing
<br />Public Proj.
<br />Rev. Bonds
<br />(9)
<br />Projected
<br />Lease Payment
<br />Income
<br />(10)
<br />Total
<br />Net
<br />Requirement
<br />(11)
<br />Increase
<br />Due to
<br />This Issue
<br />(12)
<br />1997
<br />2/1/1999
<br />-
<br />0.00%
<br />133,505
<br />133,505
<br />-
<br />133,505
<br />119,888
<br />0
<br />253,393
<br />0
<br />1998
<br />2/1/2000
<br />50,000
<br />4.60%
<br />200,258
<br />250,258
<br />250,258
<br />116,588
<br />0
<br />366,846
<br />250,258
<br />1999
<br />2/1/2001
<br />55,000
<br />4.70%
<br />197,958
<br />252,958
<br />252,958
<br />138,238
<br />0
<br />391,196
<br />252,958
<br />2000
<br />2/1/2002
<br />60,000
<br />4.80%
<br />195,373
<br />255,373
<br />255,373
<br />133,175
<br />0
<br />388,548
<br />255,373
<br />2001
<br />2/1/2003
<br />70,000
<br />4.90%
<br />192,493
<br />262,493
<br />262,493
<br />128,075
<br />0
<br />390,568
<br />262,493
<br />2002
<br />2/1/2004
<br />75,000
<br />5.00%
<br />189,063
<br />264,063
<br />264,063
<br />122,900
<br />0
<br />386,963
<br />264,063
<br />2003
<br />2/1/2005
<br />75,000
<br />5.10%
<br />185,313
<br />260,313
<br />260,313
<br />142,650
<br />0
<br />402,963
<br />260,313
<br />2004
<br />2/1/2006
<br />75,000
<br />5.20%
<br />181,488
<br />256,488
<br />256,488
<br />135,650
<br />0
<br />392,138
<br />256,488
<br />2005
<br />2/1/2007
<br />80,000
<br />5.30%
<br />177,588
<br />257,588
<br />257,588
<br />128,550
<br />0
<br />386,138
<br />257,588
<br />2006
<br />2/1/2008
<br />95,000
<br />5.40%
<br />173,348
<br />268,348
<br />268,348
<br />121,450
<br />0
<br />389,798
<br />268,348
<br />2007
<br />2/1/2009
<br />105,000
<br />5.50%
<br />168,218
<br />273,218
<br />273,218
<br />114,300
<br />387,518
<br />273,218
<br />2008
<br />2/1/2010
<br />120,000
<br />5.60%
<br />162,443
<br />282,443
<br />282,443
<br />107,150
<br />389,593
<br />282,443
<br />2009
<br />2/1/2011
<br />230,000
<br />5.70%
<br />155,723
<br />385,723
<br />385,723
<br />385,723
<br />385,723
<br />2010
<br />2/1/2012
<br />245,000
<br />5.75%
<br />142,613
<br />387,613
<br />387,613
<br />387,613
<br />387,613
<br />2011
<br />2/1/2013
<br />260,000
<br />5.80%
<br />128,525
<br />388,525
<br />388,525
<br />388,525
<br />388,525
<br />2012
<br />2/1/2014
<br />275,000
<br />5.85%
<br />113,445
<br />388,445
<br />388,445
<br />388,445
<br />388,445
<br />2013
<br />2/1/2015
<br />290,000
<br />5.90%
<br />97,358
<br />387,358
<br />387,358
<br />387,358
<br />387,358
<br />2014
<br />2/1/2016
<br />305,000
<br />5.95%
<br />80,248
<br />385,248
<br />385,248
<br />385,248
<br />385,248
<br />2015
<br />2/1/2017
<br />325,000
<br />6.00%
<br />62,100
<br />387,100
<br />387,100
<br />387,100
<br />387,100
<br />2016
<br />2/1/2018
<br />345,000
<br />6.00%
<br />42,600
<br />387,600
<br />387,600
<br />387,600
<br />387,600
<br />2017
<br />2/1/2019
<br />365,000
<br />6.00%
<br />21,900
<br />386,900
<br />386,900
<br />386,900
<br />386,900
<br />Totals
<br />$ 3,500,000
<br />$ 3,001,553
<br />$ 6,501,553
<br />$ -
<br />_ $ 6,501,553
<br />_ $ 1,508,614
<br />$ -
<br />$ 8,010,167
<br />$ 6,368,048
<br />Bond Statistics
<br />Composition of Issue
<br />Bond Years
<br />51,408.33
<br />Bond Issue
<br />$ 3,500,000
<br />Annual Interest
<br />$ 3,001,553
<br />Reserve Fund
<br />(350,000)
<br />Discount
<br />52.500
<br />Discount
<br />(52,500)
<br />Net Interest
<br />$ 3,054,053
<br />Cost of Issuance
<br />(42,250)
<br />N.I.C. Rate
<br />5.941%
<br />Capitalized Interest
<br />0
<br />T.I.C. Rate
<br />5.966%
<br />Available Funds
<br />$ 3,055,250
<br />Interest rates are estimates; changes may cause significant alterations of this schedule.
<br />The actual underwriter's discount bid may also vary.
<br />Prepared by Sprinpsted Inc.,3/30/98
<br />Lino. is
<br />
|