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APPENDIX B
<br />PROPOSED 2015 SROP BOND ISSUE
<br />City of Ramsey, Minnesota
<br />$1,775,000 General Obligation Bonds, Series 2015
<br />Issue Summary
<br />Debt Service Schedule
<br />Date
<br />Principal
<br />Coupon
<br />Interest
<br />Total P+I
<br />CIF
<br />Net New D/S
<br />105% of Total
<br />12/01/2015
<br />-
<br />-
<br />17,333.75
<br />17,333.75
<br />(17,333.75)
<br />-
<br />-
<br />12/01/2016
<br />180,000.00
<br />0.850%
<br />29,715.00
<br />209,715.00
<br />(14,857.50)
<br />194,857.50
<br />204,600.38
<br />12/01/2017
<br />170,000.00
<br />1.050%
<br />28,185.00
<br />198,185.00
<br />198,185.00
<br />208,094.25
<br />12/01/2018
<br />170,000.00
<br />1.250%
<br />26,400.00
<br />196,400.00
<br />196,400.00
<br />206,220.00
<br />12/01/2019
<br />170,000.00
<br />1.400%
<br />24,275.00
<br />194,275.00
<br />-
<br />194,275.00
<br />203,988.75
<br />12/01/2020
<br />170,000.00
<br />1.650%
<br />21,895.00
<br />191,895.00
<br />191,895.00
<br />201,489.75
<br />12/01/2021
<br />175,000.00
<br />1.750%
<br />19,090.00
<br />194,090.00
<br />-
<br />194,090.00
<br />203,794.50
<br />12/01/2022
<br />180,000.00
<br />1.900%
<br />16,027.50
<br />196,027.50
<br />-
<br />196,027.50
<br />205,828.88
<br />12/01/2023
<br />185,000.00
<br />2.050%
<br />12,607.50
<br />197,607.50
<br />197,607.50
<br />207,487.88
<br />12/01/2024
<br />185,000.00
<br />2.300%
<br />8,815.00
<br />193,815.00
<br />193,815.00
<br />203,505.75
<br />12/01/2025
<br />190,000.00
<br />2.400%
<br />4,560.00
<br />194,560.00
<br />194,560.00
<br />204,288.00
<br />Total
<br />$1,775,000.00
<br />-
<br />$208,903.75
<br />$1,983,903.75
<br />(32,191.25)
<br />$1,951,712.50
<br />$2,049,298.13
<br />Ehlers & Associates, Inc. Page 10
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