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Bond Component <br />Serial Bonds <br />BOND SUMMARY STATISTICS <br />City of Ramsey, MN <br />General Obligation Fire Station Bonds, Series 2015 <br />Illustration: 20 Years (Capitalized Interest) <br />Preliminary as of May 14, 2014 <br />(AA+ / BQ / 8 Yr Optional Call) <br />Dated Date 06/01/2015 <br />Delivery Date 06/01/2015 <br />First Coupon 06/01/2016 <br />Last Maturity 12/01/2035 <br />Arbitrage Yield 2.289471% <br />True Interest Cost (TIC) 2.822957% <br />Net Interest Cost (NIC) 2.870722% <br />All -In TIC 3.074142% <br />Average Coupon 2.870722% <br />Average Life (years) 12.207 <br />Weighted Average Maturity (years) 12.207 <br />Par Amount 3,735,000.00 <br />Bond Proceeds 3,735,000.00 <br />Total Interest 1,308,833.75 <br />Net Interest 1,308,833.75 <br />Bond Years from Dated Date 45,592,500.00 <br />Bond Years from Delivery Date 45,592,500.00 <br />Total Debt Service 5,043,833.75 <br />Maximum Annual Debt Service 260,752.50 <br />Average Annual Debt Service 246,040.67 <br />Average <br />Par Average Average Maturity PV of 1 bp <br />Value Price Coupon Life Date Duration change <br />3,735,000.00 100.000 2.871% 12.207 08/15/2027 10.267 3,681.20 <br />3,735,000.00 12.207 3,681.20 <br />All -In Arbitrage <br />TIC TIC Yield <br />Par Value 3,735,000.00 3,735,000.00 3,735,000.00 <br />+ Accrued Interest <br />+ Premium (Discount) <br />- Underwriter's Discount <br />- Cost of Issuance Expense (93,375.00) <br />- Other Amounts <br />Target Value 3,735,000.00 3,641,625.00 3,735,000.00 <br />Target Date 06/01/2015 06/01/2015 06/01/2015 <br />Yield 2.822957% 3.074142% 2.289471% <br />May 15, 2014 9:38 am Prepared by Robert W. Baird (daj) (s: I... Iramsey cyldbc\Bonds2014:0514 SC1-SC3 CAPI) Page 4 <br />