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APPENDIX II
<br />I'
<br />City of Mounds View. Minnesota
<br />`• S6,CiZ,000 Taxtble G.O. Tax Increment Bonds
<br />Everest DealOpsen..td.
<br />Prepared Oeceaber 8, 1987_
<br />By SPRIMGSTED Incorporated _
<br />Dated: 2- 1.1988
<br />mature: 2- 1
<br />Total Capital- mat Tax
<br />Principal teed Levy 305% Increment
<br />Year of Year of
<br />Levy mat. Principal Rates Interest 8 Interest Interest Required of Total Income
<br />(1) (2) (3) (4) (5) (6) (7) (a) (9) 110)
<br />U 0 C
<br />1981 1989 0 O.00X 620,500 620,500 625.000 000 0 0 0
<br />1986 1990 0 0,00% 620.500 620,500 <a5,000 219.500 230,175 255,522
<br />IS89 1991 0 0.00% 620.500 620,500
<br />,
<br />- 1990 1997. 25,000 9.25% 620,500 665.SC0 0 868.189 9I1, 591 0 645.500 677,775 906906,893
<br />893
<br />1991 1993 250.000 9.50% 618.183 d68,188 0 894./38 939.167 925,506
<br />1992 1994 300.000 9.65% 59/,438 894,43: 0 690.408 935.012 944.674
<br />. 1993 1995 325,000 9.80% 565-488 890,488 0 908.638 954.070 964.133
<br />)4 1996 375,000 10.00% 533,638 908.638 0 908.638 954.070 983.981
<br />1995 1997 450,000 10.10% 495.138 S46.138 0 946,135 993,445 1.004,227
<br />1996 1998 500.000 10.25% 4SO.688 950.688 0 950,688 :.998.222 1.02/,877
<br />1997 1999 575.000 10.25% 399.438 74.438 0 974,438 1.023,160 1,045,940
<br />1998 2000 650,000 10.50% 340,500 990.500 0 1, 022,250 1.040.025 1,C51,425
<br />1999 2001 750,000 10.50% 193.500 1.043,500 0 1.043.500 1,095.675 1.089,339
<br />2000 2002 850,060 10.75% 197.500 l,Od',500 0 1,052,125 1,104,731 1,111.591
<br />2001 2003 950,000 10.75% 102,•. L0' .IZS
<br />TOTALS: 6.000,000 1,048.391 13,048,391 1.651.000 11.406.391 11,976,710 11,916,725
<br />Bond Years: 61.500.00 Annual Interest: 7.048391
<br />Avg. Maturity: 11.25 Plus Discount: 7,138.391 90,000
<br />Avg, Annual Rate: 10.442% Met Interest:
<br />%.:.C. P.:tc: 10.57q%
<br />Interest rates are estimates; changes may cause significant alterations of this schedule.
<br />The actual underwriter's discount bid mey also vary.
<br />Annual Cim l&tive
<br />Surplus Soirlus
<br />llU (12)
<br />4,560 4,500
<br />4.S00 9,000.
<br />25,041 34,047 --'
<br />0 I8,700 --'
<br />0 13.996
<br />9.662 - 30, OBI
<br />10,063 20.157--''-
<br />'.0 10,693
<br />1.717 18,415
<br />5,915 24330 7,1
<br />0 18:392
<br />0- 12.056 7
<br />6,610- 19,016
<br />Page 7
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