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06/12/37 13:58. FAX 612 223 3002 SPRINGSTED INC. U002/003
<br /> City of St, Anthony, Minnesota
<br /> Liquor Store Revenue Bonds
<br /> Dated 7/1/97
<br /> Mature 1/1
<br /> Reserve 1996
<br /> Rev. Mat. Total Earnings Net Debt Available Coverage
<br /> Year Year Principal Rate Interest (6) 5.5(7 Service Revenue (Times)
<br /> 10
<br /> 1 2 3 4 5
<br /> 1 gg7 1 ggg 0 0.00% 25,154 26,154 (5,170) 20,984 197,105 9.39
<br /> 1998 1999 45,000 4.50% 52,308 97,308 (5,170) 92,138 197,105 2.14
<br /> 1999 2000 50,000 4.75% 50,283 100,283 (5,170) 95,113 197,105 2.07
<br /> 2000 2001 50,000 5.00% 4.7,908 97,908 (5,170) 92,738 197,105 2.13
<br /> 2001 2002 55,000 5.10% 45,408 100,408 (5,170) 95,238 197,105 2.07
<br /> 2002 2003 55,000 5.25°i° x2,603 97,603 (5,170} 92,433 197,105 2.13
<br /> 2003 2004 60,000 5.40% 39,715 99,715 (5,170) 94,545 197,105 2.08
<br /> 2004 2005 65,000 5.50% 36,475 101,475 (5,170) 96,305 197,105 2.05
<br /> 2005 2005 65,000 5.60% 32,900 97,900 (5,170) 92,730 197,105 2.13
<br /> 2006 2007 70,000 5.70% 29,260 99,260 (5,170) 94,090 197,105 2.09 •
<br /> 2007 2008 75,000 5.80% 25,270 100,270 (5,170) 95,100 197,105 2.07
<br /> 2o08 12011 09 80,000 5.90% 20,920 100,92o (5,170) 95,750 197,105 2.06
<br /> 2009 10 85,000 6.00% 16,200 101,200 (5,170) 96,030 197,105 2.05
<br /> 2010 90,000 6.00% 11,100 101,100 (5,170) 95,930 197,105 2.05
<br /> 2011 012 95,000 6.00% 5 700 1 422 2001 77,550 1,344,6510 2,956,575 2.09
<br /> 940,000 482,201 ,
<br /> Average (1998-2011)
<br /> Bond Years: 8,375.00 Annual Interest 482,201
<br /> Avg. Maturity: 8.91 Discount @ 1.8% 16,920
<br /> NIC 5.960% Total-Interest 499,121
<br /> Composition of Issue fi 199 Net Revenues Available
<br /> Construction Costs 900,000 1996 Operating Income 722,690 3)
<br /> Bond Reserve 94,040 + Non-operating Commissions
<br /> Bond Discount 16,920 + investment Income 30 Casts of Issuance 24,725 + Lease Payments 82, 00
<br /> Subtotal 1,035,645 + Depreciation/Amortization 99,328
<br /> Less Liquor Funds "95,645) Net Available for Debt Service 197,105
<br /> Net Bond Issue I 940,000 •
<br /> Note: Reserve funded from existing reserve for 1992 issue, paid off on 1/1/98.
<br /> S0720F2 STANLOAS
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