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<br />
<br />St Anthony HRA, Minnesota
<br />$4,445,000 General Obligation TIF Rev Bonds, Series 2015B
<br />Full Net Cash Refunding of Series 2006
<br />Rev to GO - Assumed Current BQ GO "AA" Market Rates
<br />Debt Service Comparison
<br />Date Total P+I Net New D/S Old Net D/S Savings
<br />02/01/2016 151,600.44 150,009.39 184,525.00 34,515.61
<br />02/01/2017 303,445.00 303,445.00 373,271.88 69,826.88
<br />02/01/2018 307,266.25 307,266.25 380,075.00 72,808.75
<br />02/01/2019 315,672.50 315,672.50 385,937.51 70,265.01
<br />02/01/2020 318,501.25 318,501.25 391,128.13 72,626.88
<br />02/01/2021 325,817.50 325,817.50 395,378.13 69,560.63
<br />02/01/2022 327,665.00 327,665.00 398,956.25 71,291.25
<br />02/01/2023 328,916.25 328,916.25 401,156.26 72,240.01
<br />02/01/2024 334,657.50 334,657.50 407,375.01 72,717.51
<br />02/01/2025 334,862.50 334,862.50 407,609.38 72,746.88
<br />02/01/2026 339,613.75 339,613.75 411,859.38 72,245.63
<br />02/01/2027 353,722.50 353,722.50 424,843.76 71,121.26
<br />02/01/2028 356,892.50 356,892.50 426,281.25 69,388.75
<br />02/01/2029 354,316.25 354,316.25 426,593.76 72,277.51
<br />02/01/2030 366,191.25 366,191.25 435,640.63 69,449.38
<br />02/01/2031 372,290.00 372,290.00 443,000.01 70,710.01
<br />Total $5,191,430.44 $5,189,839.39 $6,293,631.34 $1,103,791.95
<br />PV Analysis Summary (Net to Net)
<br />
<br />Gross PV Debt Service Savings.....................948,820.15
<br />
<br />Net PV Cashflow Savings @ 2.037%(Bond Yield).....948,820.15
<br />
<br />Contingency or Rounding Amount....................1,591.05
<br />Net Present Value Benefit $950,411.20
<br />
<br />Net PV Benefit / $5,393,820.15 PV Refunded Debt Service 17.620%
<br />Net PV Benefit / $4,120,000 Refunded Principal...23.068%
<br />Net PV Benefit / $4,445,000 Refunding Principal..21.382%
<br />
<br />Refunding Bond Information
<br />
<br />Refunding Dated Date 12/29/2015
<br />Refunding Delivery Date 12/29/2015
<br />Series 2015B GO TIF Ref B | SINGLE PURPOSE | 10/20/2015 | 10:31 AM
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