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City of Mounds Vlew, Minnesota
<br />$3,175,000 Grose Revenue Golf Course Bonds
<br />Page 1
<br />Dated:
<br />10- 1-1993
<br />Mature:
<br />4-1
<br />First Interest
<br />4-1-1994
<br />Total
<br />Capital-
<br />Net
<br />Reserve
<br />Total
<br />Yearof
<br />Year of
<br />Principal
<br />ized
<br />Revenue
<br />Earnings
<br />Net
<br />Annual
<br />Revenue
<br />Mat
<br />Principal
<br />Rates
<br />Interest
<br />& Interest
<br />Interest
<br />Required
<br />@4.5%
<br />Required
<br />Surplus
<br />(1)
<br />(2)
<br />(3)
<br />(4)
<br />(5)
<br />(6)
<br />CA
<br />(8)
<br />(9)
<br />(10)
<br />(11)
<br />1994
<br />1995
<br />0
<br />0.00%
<br />266.369
<br />266.369
<br />244,938
<br />21,431
<br />21,431
<br />0
<br />0
<br />1995
<br />1996
<br />0
<br />0.00%
<br />177,579
<br />IT7,579
<br />0
<br />177,579
<br />14,288
<br />163,291
<br />0
<br />1996
<br />1997
<br />0
<br />4.00%
<br />177,579
<br />177,579
<br />0
<br />177,579
<br />14,280
<br />163.291
<br />0
<br />1997
<br />1998
<br />0
<br />4,20%
<br />177,579
<br />177,579
<br />0
<br />177,579
<br />14,288
<br />163,291
<br />0
<br />1998
<br />1999
<br />0
<br />4.40%
<br />177,579
<br />177.579
<br />0
<br />177,579
<br />14,288
<br />163,291
<br />0
<br />1999
<br />2000
<br />50,000
<br />4,60%
<br />177,579
<br />227.579
<br />0
<br />227,579
<br />14.288
<br />213,291
<br />0
<br />2000
<br />2001
<br />70.000
<br />4.80%
<br />175.279
<br />245.279
<br />0
<br />245,279
<br />14,288
<br />230,991
<br />0
<br />2001
<br />2002
<br />)5,000
<br />5.00%
<br />171,919
<br />266.919
<br />0
<br />266.919
<br />14,288
<br />252.831
<br />0
<br />2002
<br />2003
<br />125,000
<br />5.15%
<br />167,169
<br />292,169
<br />0
<br />292,169
<br />14,288
<br />277,881
<br />0
<br />2003
<br />2004
<br />135.000
<br />5.25%
<br />160.731
<br />295.731
<br />0
<br />295,731
<br />14,288
<br />28f,443
<br />0
<br />2004
<br />2005
<br />145,000
<br />5.30%
<br />153,643
<br />298,643
<br />0
<br />298,643
<br />14,288
<br />284,355
<br />0
<br />2005
<br />2006
<br />155,000
<br />5.40%
<br />145,958
<br />300,958
<br />0
<br />300,958
<br />14,288
<br />286,670
<br />0
<br />2006
<br />2007
<br />175,0)0
<br />5.50%
<br />137,588
<br />312,588
<br />0
<br />312,558
<br />14,286
<br />298,300
<br />0
<br />2007
<br />2008
<br />190,000
<br />5.55%
<br />127.963
<br />317,963
<br />0
<br />317,963
<br />14,288
<br />303,675
<br />0
<br />2008
<br />2009
<br />200,000
<br />5.60%
<br />117,418
<br />317.418
<br />0
<br />317,418
<br />14,288
<br />303,130
<br />0
<br />2009
<br />2010
<br />225,000
<br />5.65%
<br />106.218
<br />331,218
<br />0
<br />331,218
<br />14.288
<br />316,930
<br />0
<br />2010
<br />2011
<br />275,000
<br />5,70%
<br />93,505
<br />368,505
<br />0
<br />368,505
<br />14,288
<br />354,217
<br />0
<br />2011
<br />2012
<br />300,0D0
<br />5.75%
<br />77,830
<br />377,830
<br />0
<br />377.830
<br />14,288
<br />363,542
<br />0
<br />2012
<br />2013
<br />310,OD0
<br />5,80%
<br />60,590
<br />370.580
<br />0
<br />370.580
<br />14,280
<br />356,292
<br />0
<br />2013
<br />2014
<br />350,OD0
<br />5.85%
<br />42,600
<br />392,600
<br />0
<br />392,600
<br />14,288
<br />378,312
<br />0
<br />2014
<br />2015
<br />375,000
<br />5.90%
<br />22,125
<br />397.125
<br />0
<br />397,125
<br />331,788
<br />65,337
<br />0
<br />TOTALS:
<br />3,175,000
<br />2.914,790
<br />6,089,790
<br />244,938
<br />5,844.852
<br />624,691
<br />5,220.161
<br />Bond Years:
<br />51,442.50 Annual Interest
<br />Avg. Maturity:
<br />16.20 Plus Discount
<br />Avg. Annual Rate:
<br />5.666% Net Interest
<br />N.I.C. Rate:
<br />2,914,790
<br />60,325
<br />2.975,115
<br />5.7M
<br />Interest rates are estimates; changes may cause significantalterations of this schedule.
<br />The actual underwriter's discount bid may also vary.
<br />Composition of Issue
<br />(Conswctbna Fees
<br />Equipment - Maint.
<br />M
<br />170,00/
<br />Capitalized Interest
<br />244,9%
<br />Bond Reserve
<br />317.500
<br />Bond Discount @ 1.9%
<br />E0,325
<br />Costs of Issuance
<br />40,91E
<br />Contingency @ 5%
<br />92,867
<br />Land
<br />561,109
<br />Total Bond Issue
<br />_
<br />3,175.000
<br />Prepared04-Oct-93 by SPRING$TED Incorporated FileM1083.J1 mVnvgo6
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