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<br />Preliminary
<br />$8,380,000
<br />City of Hugo, Minnesota
<br />General Obligation Tax Abatement Bonds, Series 2021A
<br />Debt Service Schedule
<br />Date Principal Coupon Interest Total P+I 105% Levy
<br />02/01/2022 -----
<br />02/01/2023 270,000.00 3.000%248,010.63 518,010.63 543,911.16
<br />02/01/2024 335,000.00 3.000%180,262.50 515,262.50 541,025.63
<br />02/01/2025 345,000.00 3.000%170,212.50 515,212.50 540,973.13
<br />02/01/2026 360,000.00 3.000%159,862.50 519,862.50 545,855.63
<br />02/01/2027 370,000.00 3.000%149,062.50 519,062.50 545,015.63
<br />02/01/2028 380,000.00 3.000%137,962.50 517,962.50 543,860.63
<br />02/01/2029 390,000.00 3.000%126,562.50 516,562.50 542,390.63
<br />02/01/2030 400,000.00 3.000%114,862.50 514,862.50 540,605.63
<br />02/01/2031 415,000.00 2.000%102,862.50 517,862.50 543,755.63
<br />02/01/2032 425,000.00 2.000%94,562.50 519,562.50 545,540.63
<br />02/01/2033 430,000.00 2.000%86,062.50 516,062.50 541,865.63
<br />02/01/2034 440,000.00 2.000%77,462.50 517,462.50 543,335.63
<br />02/01/2035 450,000.00 1.650%68,662.50 518,662.50 544,595.63
<br />02/01/2036 455,000.00 1.700%61,237.50 516,237.50 542,049.38
<br />02/01/2037 465,000.00 1.750%53,502.50 518,502.50 544,427.63
<br />02/01/2038 470,000.00 1.775%45,365.00 515,365.00 541,133.25
<br />02/01/2039 480,000.00 1.800%37,022.50 517,022.50 542,873.63
<br />02/01/2040 490,000.00 1.850%28,382.50 518,382.50 544,301.63
<br />02/01/2041 500,000.00 1.900%19,317.50 519,317.50 545,283.38
<br />02/01/2042 510,000.00 1.925%9,817.50 519,817.50 545,808.38
<br />Total $8,380,000.00 -$1,971,055.63 $10,351,055.63 $10,868,608.41
<br />SIGNIFICANT DATES
<br />Dated........................................................................................................................................................................10/07/2021
<br />Delivery Date............................................................................................................................................................10/07/2021
<br />First Coupon Date....................................................................................................................................................8/01/2022
<br />
<br />Yield Statistics
<br />Bond Year Dollars....................................................................................................................................................$97,518.67
<br />Average Life............................................................................................................................................................11.637 Years
<br />Average Coupon......................................................................................................................................................2.0212086%
<br />Net Interest Cost (NIC).............................................................................................................................................1.6837036%
<br />True Interest Cost (TIC)............................................................................................................................................1.6524395%
<br />Bond Yield for Arbitrage Purposes..........................................................................................................................1.5373519%
<br />All Inclusive Cost (AIC)............................................................................................................................................1.7176818%
<br />IRS Form 8038
<br />Net Interest Cost......................................................................................................................................................1.5426520%
<br />Weighted Average Maturity.....................................................................................................................................11.414 Years
<br />Interest rates are estimates. Changes in rates may
<br />cause significant alterations to this schedule.
<br />The actual underwriter's discount bid may also vary.
<br />2021A GO Tax Abatement Bo | SINGLE PURPOSE | 7/23/2021 | 9:39 AM
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