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QBSed on $te pre~immary debt service schedule as stated above the member debt responsibilities would be as
<br />follows:
<br />Member °k allot 2007 2008 2009 2010 2011 2012 2013
<br />Apple Valley 12.60% $ 152,124 $ 150,511 $ 150,688 $ 148,773 $ 150,511 $ 152,603 $ 60,081
<br />Burnsville 17.09% $ 206,333 $ 204,146 $ 204,385 $ 201,788 $ 204,146 $ 206,983 $ 81,491
<br />Dakota County 6.97% $ 84,151 $ 83,259 $ 83,357 $ 82,297 $ 83,259 $ 84,416 $ 33,235
<br />Eagan 18.00% $ 217,320 $ 215,016 $ 215,268 $ 212,532 $ 215,016 $ 218,004 $ 85,830
<br />Farmington 4.83% $ 58,314 $ 57,696 $ 57,764 $ 57,029 $ 57,696 $ 58,498 $ 23,031
<br />Hastings 4.08% $ 49,259 $ 48,737 $ 48,794 $ 48,174 $ 48,737 $ 49,414 $ 19,455
<br />Inver Grove Heights 6.40% $ 77,269 $ 76,450 $ 76,540 $ 75,567 $ 76,450 $ 77,513 $ 30,517
<br />Lakeville 11.48% $ 138,602 $ 137,133 $ 137,293 $ 135,548 $ 137,133 $ 139,038 $ 54,741
<br />Mendota Heights 1.74% $ 21,008 $ 20,785 $ 20,809 $ 20,545 $ 20,785 $ 21,074 $ 8,297
<br />Rosemount 4.90% $ 59,159 $ 58,532 $ 58,601 $ 57,856 $ 58,532 $ 59,346 $ 23,365
<br />South Saint Paul 5.87% $ 70,870 $ 70,119 $ 70,201 $ 69,309 $ 70,119 $ 71,094 $ 27,990
<br />West Saint Paul 6.04% $ 72,923 $ 72,150 $ 72,234 $ 71,316 $ 72,150 $ 73,153 $ 28,801
<br />Total 100% $ 1,207,333 $ 1,194,535 $ 1,195,935 $ 1,180,735 $ 1,194,535 $ 1,211,135 $ 476,835
<br />The estimated debt service schedule closely approximates the 2007 DCC Budget as shown below.
<br /> Budeet Estimate Variance
<br />Apple Valley $ 152,792 $ 152,124 $ 668
<br />Burnsville $ 207,239 $ 206,333 $ 906
<br />Dakota County $ 84,521 $ 84,151 $ 370
<br />Eagan $ 218,274 $ 217,320 $ 954
<br />Farmington $ 58,570 $ 58,314 $ 256
<br />Hastings $ 49,475 $ 49,259 $ 216
<br />Inver Grove Heights $ 77,609 $ 77,269 $ 340
<br />Lakeville $ 139,210 $ 138,602 $ 608
<br />Mendota Heights $ 21,100 $ 21,008 $ 92
<br />Rosemount $ 59,419 $ 59,159 $ 260
<br />South Saint Paul $ 71,182 $ 70,870 $ 312
<br />West Saint Paul $ 73,243 $ 72,923 $ 320
<br />Total $ 1,212,633 $ 1,207,333 $ 5,301
<br />Prenavment
<br />The Resolution provides for a fixed amount each entity will be responsible for paying for the Irfe of the bonds.
<br />However, each entity will have the opportunity to defease its share of the debt, for whatever reason the entity
<br />decides to pay its share of the debt prior to the maturity date. The fiscal advisor would calculate the amount which
<br />would be needed to be prepaid which with the other accrued interest on investments, would be sufficient to pay the
<br />debt as it matures.
<br />Call Provisions
<br />According to the fiscal advisor and underwriters, a call provision would cost approximately 25 basis points or about
<br />$68,000 in interest costs over the 1'Ife of the debt.
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