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<br />$1,305,000
<br />
<br />City of Hastings, Minnesota
<br />General Obligation Improvement and Refunding Bonds, Series 2005A
<br />Refunding Portion - Current Refunding of the Series 1998A Bonds
<br />
<br />Debt Service Schedule
<br />
<br />Date Principal Coupon Interest Total P+I
<br />02/01/2006 - - - -
<br />02/01/2007 75,000.00 2.950% 54,626.25 129,626.25
<br />02/01/2008 85,000.00 3.050% 44,610.00 129,610.00
<br />02/01/2009 85,000.00 3.150% 42,017.50 127,017.50
<br />02/01/2010 90,000.00 3.250% 39,340.00 129,340.00
<br />02/01/2011 95.000.00 3.350% 36,415.00 131,415.00
<br />02/01/2012 100,000.00 3.450% 33,232.50 133,232.50
<br />02/01/2013 100.000.00 3.550% 29,782.50 129,782.50
<br />02/01/2014 100,000.00 3.650% 26,232.50 126,232.50
<br />02/01/2015 105,000.00 3.750% 22,582.50 127,582.50
<br />02/01/2016 110,000.00 3.850% 18.645.00 128,645.00
<br />02/01/2017 115,000.00 3.900% 14,410.00 129,410.00
<br />02/01/2018 120,000.00 4.000% 9,925.00 129,925.00
<br />02/01/2019 125,000.00 4.100% 5,125.00 130,125.00
<br />Total $1,305,000.00 - $376,943.75 $1,681,943.75
<br />
<br />Yield Statistics
<br />
<br />Accrued Interest from 12/01/2005 to 12/08/2005...............................................................................................................
<br />
<br />Bond Year Dollars.............................................................................................................................................................
<br />
<br />Average Life............................................................................................................................................................ ..........
<br />
<br />Average Coupon.................................................................................................................................................. .............
<br />
<br />910.44
<br />$10,027.50
<br />7.684 Years
<br />3.7591000%
<br />
<br />Net Interest Cost (NIC).......................................................................................................................................... ............
<br />
<br />True Interest Cost (TiC)....................................................................................................................................................
<br />
<br />Bond Yield for Arbitrage Purposes....................................................................................................................................
<br />
<br />All Inclusive Cost (AIC)...............................................................................................................,.....................................
<br />
<br />3.8632137%
<br />3.8671469%
<br />3.6469527%
<br />4.0403528%
<br />
<br />IRS Fonn 8038
<br />
<br />Net Interest Cost.......................................................................................................................................................... .....
<br />
<br />Weighted Average Maturity...............................................................................................................................................
<br />
<br />3.7595342%
<br />7.664 Years
<br />
<br />Series2005A GO/mproIIerne I Series20051ief98A I 9/20/2005 11/:19AM
<br />
<br />Springsted
<br />
<br />Page 18
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