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Preliminary <br />$1,730,000.00 City of Ramsey, Minnesota <br />General Obligation Bonds, Series 2011A <br />Assessment Portion <br />Revenue vs D/S <br />Less: Equals: <br />Scheduled Assessment Accumulative Assessment - Collection <br />Date P+I Revenues* City Levy Balance Year Year <br />02/01/2012 - - 2,971.43 ** - - <br />02/01/2013 73,404.58 72,033.56 1,371.02 4,342.45 2011 2012 <br />02/01/2014 71,815.00 72,033.56 (218.56) 4,123.89 2012 2013 <br />02/01/2015 71,415.00 72,033.57 (618.57) 3,505.32 2013 2014 <br />02/01/2016 171,015.00 168,202.54 2,812.46 6,317.78 2014 2015 <br />02/01/2017 128,615.00 129,383.00 (768.00) 5,549,78 2015 2016 <br />02/01/2018 127,015.00 129,383.01 (2,368.01) 3,181.77 2016 2017 <br />02/01/2019 130,415.00 129,383.01 1,031.99 4,213.76 2017 2018 <br />02/01/2020 128,672.50 129,383.02 (710.52) 3,503.24 2018 2019 <br />02/01/2021 126,675.00 129,383.00 (2,708.00) 795.24 2019 2020 <br />02/01/2022 129,507.50 129,383.01 124.49 919.73 2020 2021 <br />02/01/2023 127,122.50 129,383.02 (2,260.52) (1,340.79) 2021 2022 <br />02/01/2024 129,467.50 129,383.01 84.49 (1,256.30) 2022 2023 <br />02/01/2025 131,665.00 129,383.02 2,281.98 1,025.68 2023 2024 <br />02/01/2026 128,515.00 129,383.01 (868.01) 157.67 2024 2025 <br />02/01/2027 130,365.00 129,383.01 981.99 1,139.66 2025 2026 <br />02/01/2028 126,847.50 129,383.02 (2,535.52) (1,395.86) 2026 2027 <br />02/01/2029 128,330.00 129,383.02 (1,053.02) (2,448.88) 2027 2028 <br />02/01/2030 129,040.00 129,383.01 (343.01) (2,791.89) 2028 2029 <br />02/01/2031 129,555.00 129,383.02 171.98 (2,619.91) 2029 2030 <br />02/01/2032 129,875.00 129,383.00 492.00 (2,127.91) 2030 2031 <br />Total $2,449,332.08 $2,454,431.42 $2,449,332.08 <br />*Assumes assessments of $1, 034, 060 filed in 2011 for first collection 2012 and $700, 940 filed in 2011 <br />for first collection in 2015 at a rate of 3.36% (NIC on the Assessment Potion of the Bonds). <br />*Deposit of Accrued Interest and Rounding/Premium for a total of $1, 971.43 at closing. <br />GO Bonds 2011A FINAL I Assessment Portion 1 8/11/2011 14:32 PM <br />Northland Securities Inc. <br />Public Finance <br />