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APPENDIX III
<br /> 410City of Mounds View, Minnesota Prepared February 23, 1991
<br /> G.O.Water Revenue Bonds, Series 1991 By SPRINGSTED Incorporated
<br /> Option 1 - $2,875,000
<br /> Dated: 6- 1 -1991
<br /> Mature: 2- 1
<br /> First Interest: 2- 1 -1992
<br /> Total Projected
<br /> Year of Year of Principal Available Annual
<br /> Revenue Mat. Principal Rates Interest & Interest Income Surplus
<br /> (1) (2) (3) (4) (5) (6) (7) (8)
<br /> 1991 1992 0 0.00% 121 ,227 121 ,227 157,323 36,096
<br /> 1992 1993 35,000 5.00% 181 ,840 216,840 242,981 26,141
<br /> 1993 1994 60,000 5.15% 180,090 240,090 264,159 24,069
<br /> 1994 1995 85,000 5.30% 177,000 262,000 286,571 24,571
<br /> 1995 1996 90,000 5.40% 172,495 262,495 286,571 24,076
<br /> 1996 1997 90,000 5.50% 167,635 257,635 . 286,571 28,936
<br /> 1997 1998 95,000 5.60% 162,685 257,685 286,571 28,886
<br /> 1998 1999 105,000 5.70% 157,365 262,365 286,571 24,206
<br /> 1999 2000 110,000 5.80% 151 ,380 261 ,380 286,571 25,191
<br /> 2000 2001 115,000 5.90% 145,000 260,000 286,571 26,571
<br /> 2001 2002 120,000 6.00% 138,215 258,215 286,571 28,356
<br /> 2002 2003 130,000 6.10% 131 ,015 261 ,015 286,571 25,556
<br /> 2003 2004 135,000 6.20% 123,085 258,085 286,571 28,486
<br /> 0 2004 2005 145,000 6.30% 114,715 259,715 286,571 26,856
<br /> 2005 2006 155,000 6.40% 105,580 260,580 286,571 25,991
<br /> 2006 2007 165,000 6.50% 95,660 260,660 286,571 25,911
<br /> 2007 2008 175,000 6.60% 84,935 259,935 286,571 26,636
<br /> 2008 2009 185,000 6.70% 73,385 258,385 286,571 28,186
<br /> 2009 2010 200,000 6.80% 60,990 260,990 286,571 25,581
<br /> 2010 2011 210,000 6.90% 47,390 257,390 286,571 29,181
<br /> 2011 2012 225,000 7.00% 32,900 257,900 286,571 28,671
<br /> 2012 2013 245,000 7.00% 17,150 262,150 286,571 24,421
<br /> TOTALS: 2,875,000 2,641 ,737 5,516,737 6,109,312
<br /> Bond Years: 40,316.67 Annual Interest: . 2,641 ,737
<br /> Avg. Maturity: 14.02 Plus Discount: 37,375
<br /> Avg. Annual Rate: 6.552% Net Interest: 2,679,112
<br /> T.I.C. Rate: 6.640% N.I.C. Rate: 6.645%
<br /> Interest rates are estimates; changes may cause significant
<br /> alterations of this schedule.
<br /> The actual underwriter's discount bid may also vary.
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