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<br />$4,895,000
<br />
<br />City of Hastings, Minnesota
<br />General Obligation Improvement and Refunding Bonds, Series 2005A
<br />Issue Summary
<br />
<br />NET DEBT SERVICE SCHEDULE
<br />
<br /> (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
<br />Date Principal Coupon Interest Total P+I Cap. Interest Net New D'S Less D'S Refunding of Net New D'S 105% of Assessment Levy Required
<br /> Series 1997B . Paid by applicable to the 5% Column 8
<br /> Net Revenues of the overlevy
<br /> Water Utility
<br />02/0112006 - - - - - - - - -
<br />02/0112007 120.000.00 2.950% 201.007.92 321.007.92 (119,761.25) 201,246.67 71,620.42 129,626.25 136,107.56 - 136,107.56
<br />02/0112008 430,000.00 3.050% 168,752.50 598.752.50 - 598,752.50 71,490.00 527,262.50 553,625.63 272,698.04 280,927.59
<br />02/0112009 430.000.00 3.150% 155,637.50 585,637.50 - 585,637.50 74,965.00 510,672.50 536,206.13 255,467.52 280,738.61
<br />02/0112010 435,000.00 3.250% 142,092.50 577 ,092.50 - 577,092.50 73,232.50 503,860.00 529,053.00 246,069.04 282,983.96
<br />02/0112011 445,000.00 3.350% 127,955.00 572,955.00 - 572.955.00 76,445.00 496,510.00 521,335.50 236,670.58 284,664.92
<br />02/0112012 450,000.00 3.450% 113,047.50 563,047.50 - 563.047.50 74,435.00 488,612.50 513,043.13 227,272.10 285,771.03
<br />02/0112013 450,000.00 3.550% 97,522.50 547.522.50 - 547.522.50 72,365.00 475.157.50 498,915.38 217,873.64 281,041.74
<br />02/0112014 460,000.00 3.650% 81,547.50 541,547.50 - 541,547.50 75,235.00 466.312.50 489,628.13 208,475.16 281,152.97
<br />0210112015 465.000.00 3.750% 64,757.50 529.757.50 - 529,757.50 72,862.50 456,895.00 479,739.75 199,076.70 280,663.05
<br />02/0112016 480,000.00 3.850% 47,320.00 527,320.00 - 527,320.00 75,425.00 451,895.00 474,489.75 189,678.22 284,811.53
<br />02/0112017 485,000.00 3.900% 28,840.00 513.840.00 - 513,840.00 72.730.00 441.110.00 463,165.50 180,279.76 282,885.74
<br />02/0112018 120,000.00 4.000% 9,925.00 129,925.00 - 129.925.00 - 129,925.00 136,421.25 - 136,421.25
<br />0210112019 125,000.00 4.100% 5,125.00 130,125.00 - 130.125.00 - 130.125.00 136,631.25 - 136,631.25
<br />Total $4,895,000.00 - $1,243,530.42 $6,138,530.42 (119.761.25) $6,018.769.17 $810.805.42 $5.207,963.75 $5,468,361.94 $2,233.560.76 $3.234,801.18
<br />
<br />Dated........ ............ ... ......... ... ....... ...... ..... ...... ......... .......... ......... ....... ........... ....... ........ ....... ... ........ ... ....... ....... ......... ... ... ... .... ............ ......
<br />
<br />Delivery Date... ......... ......... ... ........... ..................... ............... ... .... .... ....... ..... .... ..... ............. ....... ... ........... ...... ....... ..... ....... .... ... ........... .......
<br />
<br />First Coupon Date.. .... ....... .................... ........................... .............. .... ... ............. .... ..... ..... .... ..... ......... ................ .... ............ .... ............. ..... ...
<br />
<br />12/01/2005
<br />12/0812005
<br />8/01/2006
<br />
<br />Yield Statistics
<br />
<br />Bond Year Dollars.... .... ....... .... ..... ....................... .... ................ ....... ........... ..... .... ....... .... ..... ........... ... ........ ....... ..... ..... ...... ... ...... ....... ....... .....
<br />
<br />Average Life...... ..... ............... ........... ..... ................ ......... ...... ....... .... ......... ... .... ........... ..... ............... ................. ....... ....... .... ......................
<br />
<br />Average Coupon.... ......... ..... .... .......... .... ......... .... ..................... ......... .... ............ ........... ....... ........... ........ .......... ......... ....... ......... ........... ........
<br />
<br />$33.965.83
<br />6.939 Years
<br />3.6611215%
<br />
<br />Net Interest Cost (NtC).. ....... ............ ...... ..... ..... .... ....... ...... ... .... ... .... ........... ..... ......... ....... ........... ............. ......... ..... ....... ..... ................. ....... ...
<br />
<br />True Interest Cost (TIC).. ... ............. .................. .............. .................. .... ....... ..... ......... ..... .... .............. ...... .......... ...... ... ...... .................. ...........
<br />Bond Yield for Arbitrage Purposes.... ....... ............................. ..... ....... ........... ....... .............. ........... ............. ..... ....... ...... .......... ........ .... ..... ....... ... ....
<br />
<br />All Inclusive Cost (AI C).. ....... ........ .............. ..... ........... ...... ........ ...... ........... ..... ................ ......... .... .................. ... .... ..... ....... ........ ....... ............
<br />
<br />3.7764138%
<br />3.7821962%
<br />3.6469527%
<br />3.9858080%
<br />
<br />IRS Fonn 8038
<br />
<br />Net Interest Cost....................................................................................................................................... ................................................
<br />Weighted Average Maturity. ......... .., ................. ........ ......... ...... ....... ........... ....... ......... ..... ....... ........... ....... ............... ............ .... ... ...... ..................
<br />
<br />SerfesZOOSA CO/mprovr:me / bsueSU1lll1WY / 9/2//2005 / /2:59PM
<br />
<br />3.6615187%
<br />6.919 Years
<br />
<br />Springsted
<br />
<br />Page 13
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