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St Anthony, MN
<br />Purpose One - $840,000
<br />Proposed Current Refunding of
<br />$1,500,000 G.O. Improvement Bonds, Series
<br />2002A
<br />Debt Service Comparison
<br />Net New
<br />Date Total P+I
<br />D/S
<br />Old Net DIS
<br />Savings
<br />02/01/2010 -
<br />-
<br />02/01/2011 123,169.00
<br />123,169.00
<br />136,290.00
<br />13,121.00
<br />02/01/2012 123,157.50
<br />123,157.50
<br />137,205.00
<br />14,047.50
<br />02/01/2013 121,530.00
<br />121,530.00
<br />137,805.00
<br />16,275.00
<br />02/01/2014 119,535.00
<br />119 535.00
<br />133,080.00
<br />13 545.00
<br />02/01/2015 117,172.50
<br />117,172.50
<br />133,250.00
<br />16,077.50
<br />02/01/2016 114,600.00
<br />114,600.00
<br />132,750.00
<br />18,150.00
<br />02/01/2017 116,712.50
<br />116,712.50
<br />132,000.00
<br />15,287.50
<br />02/01/2018 108,412.50
<br />108,412.50
<br />126,000.00
<br />17,587.50
<br />Total 5944,289.00
<br />$944,289.00
<br />$1,068,380.00
<br />$124,091.00
<br />PV Analysis Summa Net to Net
<br />Gross PV Debt Service Savings .....................
<br />107,091.54
<br />Net PV Cashfiow Savings @ 3.220%(AIC)............
<br />107,091.54
<br />Transfers from Prior Issue Debt Service Fund......
<br />(57,000.00)
<br />Contingency or Rounding Amount ....................
<br />4,852.98
<br />Net Present Value Benefit
<br />$54,944.42
<br />Net PV Benefit 1$954,764.31 PV Refunded Debt Service
<br />_
<br />5.755%
<br />Net PV Benefit / $870,000 Refunded Principal...
<br />6.315%
<br />Net PV Benefit / $840,000 Refunding Princi 1..
<br />6.541%
<br />Refunding Bond Information
<br />Refunding Dated Date
<br />11/19/2009
<br />Refunding Delivery Date
<br />11/19/2009
<br />09 Cur refunding of Serie 102A $1.5M i 10119/2009 1 4:17 PM
<br />Ehlers & Associates,
<br />Leaders
<br />,r-
<br />
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