|
<br />f2,935,OOO
<br />
<br />City of Hastings, Minnesota
<br />General Obligation Improvement and Refunding Bonds, Series 2005A
<br />Project Portion
<br />
<br />NET DEBT SERVICE SCHEDULE
<br />
<br /> (1) (2) (3) (4) (5) (6) (7) (8) (9)
<br />Date Principal Coupon Interest Total P+I Cap. Interest Net N_ D/S 105% of Total Assessment Levy Required
<br />02/0112006 - - - - - - - - -
<br />02/0112007 - - 119,761.25 119.761.25 (119,761.25) - - - -
<br />02/0112008 295,000.00 3.050% 102,652.50 397,652.50 - 397,652.50 417,535.13 268.995.61 148,539.52
<br />02/0112009 290,000.00 3.150% 93,655.00 383,655.00 - 383,655.00 402.837.75 252.391.66 150.446.09
<br />02/0112010 290,000.00 3.250% 84,520.00 374,520.00 - 374,520.00 393,246.00 243.334.94 149.911.06
<br />02/0112011 290,000.00 3.350% 75,095.00 365,095.00 - 365,095.00 383.349.75 234,278.24 149.071.51
<br />02/0112012 290,000.00 3.450% 65.380.00 355,380.00 - 355,380.00 373,149.00 225,221.52 147,927.48
<br />02/01/2013 290,000.00 3.550% 55,375.00 345.375.00 - 345,375.00 362,643.75 216,164.82 146,478.93
<br />02/0112014 295,000.00 3.650% 45.080.00 340,080.00 - 340,080.00 357.084.00 207,108.12 149.975.88
<br />02/0112015 295,000.00 3.750% 34,312.50 329,312.50 - 329,312.50 345.778.13 198,051.40 147.726.73
<br />02/0112016 300,000.00 3.850% 23.250.00 323.250.00 - 323.250.00 339.412.50 188.994.70 150,417.80
<br />02/0112017 300,000.00 3.900% 11.700.00 311,700.00 - 311.700.00 327.285.00 179.937.98 147.347.02
<br />Total $2,935,000.00 - $710.781.25 $3,645.781.25 (119,761.25) $3.526,020.00 $3,702,321.00 $2,214,478.99 $1,487,842.01
<br />
<br />Dated............. ...... ........... ........... ........ ...... ..................... ............... ....... ......... ......... ....... .............. ...... ........ .... ........,...... .... .... .................
<br />
<br />Delivery Date.... .............. ......... ..... ........ ...... ..... ......... .......... ..... .... .., .......... ... .... ........ ........... ... .... ............... ...... ... ........ ...... ....... ....... ..... .....
<br />First Coupon Date... ....... ................... ........................ .... ... .............. .... ...... ....... ..... ..... ... ....... .... .......... ...... ........ ..... ........... ..... ..... ...... ............
<br />
<br />Yield Statistics
<br />
<br />Bond Year Dollars... ... .... ..... ... ....... .... .... .... ...... .... ... ... ....... ........... ... ........ ........... .......... .... ........ ........... ...... ....... .... ............... ...... ... ....... .........
<br />Average Life............................................................................................................................... .............................................................
<br />
<br />Average Coupon.... ....... ....... ..... ....... ....... ....... ....... ..... .... ... ... .... ...... ....... ....... ............... ...... ...... ....... ......... ..... .,. ......... ... ..... ....... ................ .....
<br />
<br />Net Interest Cost (NIC).. ............... ............ ........ ... ....... ... ......... ......... ...... ................... ........ ...... .... .... ... ...... ...... ............. .... .... ......... ..... .... .... ....
<br />True Interest Cost (TIC).... ....... ............... ...... ............ ......... ......... .................... ......... ............................ ............................ ............... ....... .......
<br />
<br />Bond Yield for Arbitrage Purposes.............. ................................................... ................ .................. ..... .................................... ...... ........ .............
<br />All Inclusive Cost (AIC). ...... .... .......... .... .... ...... ..... ....... ....... ... .... .................. ...... ..... ........ ........ ..... ......... ........ ..... ......... ...... ... .... ...... ...............
<br />
<br />IRS Fonn 8038
<br />
<br />Net Interest Cost............................................................................................................................ ...........................................................
<br />Weighted Average Maturity... ....... ....... ......... ..... .......... ..... ....... ........ ..... .... .... ..... .., .................. ... ....... ....... ....... ............ ...... ... ....... ............... ........
<br />
<br />$eriu2OO5AGOlmp_I$eriu2OO51m__tB 19/20/2005 I 12:15 PM
<br />
<br />Springsted
<br />
<br />12/0112005
<br />12/08/2005
<br />810112006
<br />
<br />$19,644.17
<br />6.693 Years
<br />3.6182815%
<br />
<br />3.7378081%
<br />3.7451746%
<br />3.6469527%
<br />3.9653078%
<br />
<br />3.6186333%
<br />6.674 Years
<br />
<br />Page 15
<br />
|