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;ITY OF LINO LAKES MINNESOTA
<br />51,790,000 GENERAL OBLIGATION
<br />IMPROVEMENT BONDS, SERIES 1998
<br />)ated:
<br />4ature :
<br />First Interest:
<br />6- 1-1998
<br />2- 1
<br />8- 1-1999
<br />Year of Year of
<br />Levy Mat. Principal
<br />(1) (2)
<br />1998 2000
<br />1999 2001
<br />2000 2002
<br />2001 2003
<br />2002 2004
<br />2003 2005
<br />2004 2006
<br />2005 2007
<br />2006 2008
<br />2007 2009
<br />2008 2010
<br />2009 2011
<br />2010 2012
<br />2011 2013
<br />2012 2014
<br />TOTALS:
<br />(3)
<br />50,000
<br />100,000
<br />100,000
<br />105,000
<br />110,000
<br />110,000
<br />115,000
<br />120,000
<br />125,000
<br />130,000
<br />135,000
<br />140,000
<br />145,000
<br />150,000
<br />155,000
<br />1,790,000
<br />Bond Years: 17,038.33
<br />Avg. Maturity: 9.52
<br />Avg. Annual Rate: 5.028%
<br />T.I.C. Rate: 5.163%
<br />Rates Interest
<br />(4) (5)
<br />4.10% 144,985
<br />4.20% 84,941
<br />4.30% 80,741
<br />4.40% 76,441
<br />4.50% 71,821
<br />4.60% 66,871
<br />4.70% 61,811
<br />4.80% 56,406
<br />4.90% 50,646
<br />5.00% 44,521
<br />5.10% 38,021
<br />5.20% 31,136
<br />5.25% 23,856
<br />5.30% 16,243
<br />5.35% 8,293
<br />1
<br />Total
<br />Principal
<br />& Interest
<br />(6)
<br />194,985
<br />184,941
<br />180,741
<br />181,441
<br />181,821
<br />176,871
<br />176,811
<br />176,406
<br />175,646
<br />174,521
<br />173,021
<br />171,136
<br />168,856
<br />166,243
<br />163,293
<br />856,733 2,646,733
<br />Annual Interest:
<br />Plus Discount:
<br />Net Interest:
<br />N.I.C. Rate:
<br />Prepared March 30, 1998
<br />By SPRINGSTED Incorporated
<br />Projected
<br />105% Assessment
<br />of Total
<br />Total
<br />Net
<br />Income Requirement
<br />(7) (8) (9)
<br />204,734
<br />194,188
<br />189,778
<br />190,513
<br />190,912
<br />185,715
<br />185,652
<br />185,226
<br />184,428
<br />183,247
<br />181,672
<br />179,693
<br />177,299
<br />174,555
<br />171,458
<br />2,779,070
<br />856,733
<br />22,375
<br />879,108
<br />5.160%
<br />55,246 149,488
<br />47,259 146,929
<br />45,588 144,190
<br />43,917 146,596
<br />42,246 148,666
<br />40,576 145,139
<br />38,905 146,747
<br />37,234 147,992
<br />35,563 148,865
<br />33,893 149,354
<br />32,222 149,450
<br />30,551 149,142
<br />28,880 148,419
<br />27,210 147,345
<br />25,539 145,919
<br />564,829 2,214,241
<br />Interest rates are estimates; changes may cause significant alterations of this schedule.
<br />The actual underwriter's discount bid may also vary.
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