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Agenda - Council - 05/26/2015
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Agenda - Council - 05/26/2015
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3/17/2025 4:04:36 PM
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1/15/2016 2:37:16 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
05/26/2015
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City of Ramsey, Minnesota <br />$1,235,000 General Obligation Street Reconstruction Bonds, Series 2015B <br />Assumes Current Market BQ AA+ Rates plus 25bps <br />10 Years <br />Sources & Uses <br />Dated 06/18/2015 I Delivered 06/18/2015 <br />Sources Of Funds <br />Par Amount of Bonds $1,235,000.00 <br />Planned Issuer Equity contribution 410,000.00 <br />City Cash for Capitalized Interest 19,820.16 <br />Additional source of funds 1 90,179.84 <br />Total Sources $1,755,000.00 <br />Uses Of Funds <br />Total Underwriter's Discount (1.200%) <br />Costs of Issuance <br />Deposit to Capitalized Interest (CIF) Fund <br />Deposit to Project Construction Fund <br />Rounding Amount <br />14,820.00 <br />36,000.00 <br />19,820.16 <br />1,680,100.00 <br />4,259.84 <br />Total Uses $1,755,000.00 <br />2015B GO Street Reconstru I SINGLE PURPOSE 1 2/23/2015 14:01 PM <br />_EHLERS <br />LEADERS IN PUBLIC FINANCE <br />
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