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Assumptions for Cash Flow Projections <br />on Proposed City of Ramsey Public Improvement <br /> Bond Issue <br /> <br />e <br /> <br />Bonds to be sold in September, 1984 at an interest rate of <br />8.0% (reflects current market conditions) provided that <br />proceeds can be reinvested at a level higher than the bond <br />rate. <br /> <br />Construction to occur in 1984 construction season. <br /> <br />Final hearing to occur' and assessments to be certified prior <br />to October 10, 1984. <br /> <br />First special assessment payments to be received by the City <br />in 1985. <br /> <br />Five year assessment schedule with interest on <br />assessment principal to be at 1.5% above bond rate. <br /> <br />unpaid <br /> <br />Ail assessments will be paid on time with no prepayments. <br /> <br />An average reinvestment rate of 7% over the life of the <br />issue. <br /> <br />July 21, 1983 <br /> <br /> <br />