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Ramsey, Minnesota <br />G.O. Refunding Bonds, Series 1993A <br /> <br /> Full Crossover Advance Refunding of <br /> G.O, Tax Increment Bonds, Series 1987A <br /> Even Annual Savings Structure <br />[ssuer Funds Requ red: $0.00 <br /> <br />Date of Bonds: <br />Delivery Date: <br />Refunded Call Date: <br />1st Callable Date: <br /> <br />10/01/93 <br />10/01/93 <br /> <br />02/01/96 <br />. ~02/01/97 <br /> <br />Comparison: Refunded ~e~.fu~.n. d~ _ <br />Principal' 2,150,000 .~._2,245,000~_ <br />Bond Years: 19,416.67 191758~33 <br />Avg. Maturity: 9.031 8.801 <br />NIC: 7.116% 4.933% <br /> <br />TotalNetSavings:. :..: , :i 225;300;59:: <br />Presentvalue:savingS:::: .'.:;~ ~ :~.~ 155;993;16ii! <br /> <br />Prepared: 07/29/93 <br />By SPRINGSTED Incorporated <br /> <br /> <br />