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$4,365,000.00 City of Ramsey, Minnesota
<br />General Obligation Bonds, Series 2011A
<br />FINAL
<br />Pricing Summary
<br />Maturity
<br />Maturity Type of Bond Coupon Yield Value Price Dollar Price
<br />02/01/2013 Serial Coupon 2.000% 0.500% 220,000.00 102.089% 224,595.80
<br />02/01/2014 Serial Coupon 2.000% 0.700% 265,000,00 103.088% 273,183.20
<br />02/01/2015 Serial Coupon 2.000% 1.000% 270,000.00 103.334% 279,001.80
<br />02/01/2016 Serial Coupon 2.000% 1.250% 375,000.00 103.200% 387,000.00
<br />02/01/2017 Serial Coupon 2.000% 1.600% 345,000.00 102.060% 352,107.00
<br />02/01/2018 Serial Coupon 2.000% 1.850% 350,000.00 100.900% 353,150.00
<br />02/01/2019 Serial Coupon 2.050% 2.050% 360,000.00 100.000% 360,000.00
<br />02/01/2020 Serial Coupon 2.350% 2,350% 365,000,00 100.000% 365,000.00
<br />02/01/2021 Serial Coupon 2.550% 2.550% 370,000.00 100.000% 370,000.00
<br />02/01/2022 Serial Coupon 2.650% 2,650% 380,000.00 100.000% 380,000.00
<br />02/01/2024 Term 1 Coupon 2.950% 2.950% 185,000.00 100.000% 185,000.00
<br />02/01/2026 Term 2 Coupon 3.150% 3.150% 200,000.00 100.000% 200,000.00
<br />02/01/2028 Term 3 Coupon 3.350% 3.350% 210,000,00 100.000% 210,000.00
<br />02/01/2032 Term 4 Coupon 3.900% 3.900% 470,000.00 100.000% 470,000.00
<br />Total
<br />$4,365,000.00 $4,409,037.80
<br />Bid Information
<br />Par Amount of Bonds
<br />Reoffering Premium or (Discount)
<br />Gross Production
<br />Total Underwriter's Discount (1.425%)
<br />Bid (99.584%)
<br />Accrued Interest from 09/01/2011 to 09/07/2011
<br />Total Purchase Price
<br />Bond Year Dollars
<br />Average Life
<br />Average Coupon
<br />Net Interest Cost (NIC)
<br />True Interest Cost (TIC)
<br />$4,365,000.00
<br />44,037.80
<br />$4,409,037.80
<br />$(62,201.25)
<br />4,346,836.55
<br />1,818.08
<br />$4,348,654.63
<br />$38,006.00
<br />8.707 Years
<br />2.8575872%
<br />2.9053782%
<br />2,8586429%
<br />GO Bonds 2011A FINAL I Issue Summary 1 8/11/2011 14:32 PM
<br />Northland Securities Inc.
<br />Public Finance
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