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<br />$4,895,000
<br />
<br />City of Hastings, Minnesota
<br />General Obligation Improvement Bonds, Series 2005A
<br />Issue Summary
<br />
<br />Preliminary Feasibility Summary
<br />Dated 12/01/20051 Delivered 12/08/2005
<br />
<br />Sources Of Funds
<br />
<br />Par Amount of Bonds...............................................................
<br />Contribution From Municipal State Aid.....................................
<br />City Contribution From Water Fund..........................................
<br />City Contribution From Wastewater Fund.................................
<br />Accrued Interest from 12/01/2005 to 12/08/2005......................
<br />
<br />Total Sources.......... .......................... ......... ............................,
<br />
<br />Uses Of Funds
<br />2005-1 Dakota Hills Area Improvements..................................
<br />Deposit to Current Refunding Fund..........................................
<br />2005-3 South Frontage Road...................................................
<br />2005-2 Zweber Ln & Oak Ridge...............................................
<br />Deposit to Capitalized Interest (CIF) Fund................................
<br />
<br />Costs of Issuance..... ........................... ................ ...... ....... ..... ...
<br />Total Underwriter's Discount (0.800%)....................................
<br />Deposit to Debt Service Fund...................................................
<br />
<br />Rounding Amount.....................................................................
<br />
<br />Series 2005
<br />Improvement
<br />Bonds
<br />
<br />$2,935,000.00
<br />400,000.00
<br />396,727.17
<br />158,224.25
<br />1,996.02
<br />
<br />$3,891,947.44
<br />
<br />2,731,921.41
<br />
<br />615,918.04
<br />365,337.66
<br />117,765.23
<br />36,679.30
<br />23,480.00
<br />1,996.02
<br />(1,150.22)
<br />
<br />Total Uses............................................................................... $3,891,947.44
<br />
<br />ISSUES REFUNDED AND CALL INFORMATION
<br />Prior Issues' Call Prices.................................................................
<br />Prior Issues' Call Dates..................................................................
<br />
<br />SAVINGS INFORMATION
<br />
<br />Net Future Value Benefit........... ...... ..... ........ .................. ............................ ...........
<br />Net Present Value Benefit........................................................
<br />Net PV Benefit / PV Refunded Debt Service.........................................................
<br />
<br />BOND STATISTICS
<br />
<br />Average Life.............................................................................
<br />
<br />Average Coupon......................................................................
<br />Net Interest Cost (NIC).............................................................
<br />Bond Yield for Arbitrage Purposes...........................................
<br />True Interest Cost (TIC)............................................................
<br />All Inclusive Cost (AIC).............................................................
<br />
<br />Series 2005A GO Im~rm: I I$SU~ Summuy I 9/22/2005 I 12:16 PM
<br />
<br />Springsted
<br />
<br />6.693 Years
<br />3.6182815%
<br />3.7378081%
<br />3.6469527%
<br />3.7451746%
<br />3.9653078%
<br />
<br />Series 2005
<br />Ref 98A
<br />
<br />$1,305,000.00
<br />
<br />910.44
<br />
<br />$1,305,910.44
<br />
<br />1,280,000.00
<br />
<br />Series 2005
<br />Ref 97B
<br />
<br />$655,000.00
<br />
<br />443.67
<br />
<br />$655,443.67
<br />
<br />640,000.00
<br />
<br />14,295.54 7,175.16
<br />10,440.00 5,240.00
<br />.910.44 443.67
<br />264.46 2,584.84
<br />$1,305,910.44 $655,443.67
<br />100.00% 100.00%
<br />02/01/06 02/01/06
<br />$92,786.82 $50,953.42
<br />$74,661.47 $42,512.22
<br />5.396% 6.144%
<br />
<br />7.684 Years
<br />3.7591000%
<br />3.8632137%
<br />3.6469527%
<br />3.8671469%
<br />4.0403528%
<br />
<br />6.556 Years
<br />3.6283040%
<br />3.7503300%
<br />3.6469527%
<br />3.7581322%
<br />3.9554607%
<br />
<br />Issue
<br />Summary
<br />
<br />$4,895,000.00
<br />400,000.00
<br />396,727.17
<br />158,224.25
<br />3,350.13
<br />
<br />$5,853,301.55
<br />
<br />2,731,921.41
<br />1,920,000.00
<br />615,918.04
<br />365,337.66
<br />117,765.23
<br />58,150.00
<br />39,160.00
<br />3,350.13
<br />1,699.08
<br />
<br />$5,853,301.55
<br />
<br />6.939 Years
<br />3.6611215%
<br />3.7764138%
<br />3.6469527%
<br />3.7821962%
<br />3.9858080%
<br />
<br />Page 12
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