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PROPOSED 2016 SROP BOND ISSUE
<br />City of Ramsey, Minnesota
<br />$2,865,000 General Obligation Bonds, Series 2016
<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 />12/01/2016
<br />-
<br />-
<br />33,672.92
<br />33,672.92
<br />(33,672.92)
<br />-
<br />-
<br />12/01/2017
<br />215,000.00
<br />0.850%
<br />57,725.00
<br />272,725.00
<br />(28,862.50)
<br />243,862.50
<br />256,055.63
<br />12/01/2018
<br />185,000.00
<br />1.050%
<br />55,897.50
<br />240,897.50
<br />240,897.50
<br />252,942.38
<br />12/01/2019
<br />190,000.00
<br />1.250%
<br />53,955.00
<br />243,955.00
<br />243,955.00
<br />256,152.75
<br />12/01/2020
<br />190,000.00
<br />1.400%
<br />51,580.00
<br />241,580.00
<br />241,580.00
<br />253,659.00
<br />12/01/2021
<br />200,000.00
<br />1.650%
<br />48,920.00
<br />248,920.00
<br />-
<br />248,920.00
<br />261,366.00
<br />12/01/2022
<br />200,000.00
<br />1.750%
<br />45,620.00
<br />245,620.00
<br />245,620.00
<br />257,901.00
<br />12/01/2023
<br />205,000.00
<br />1.900%
<br />42,120.00
<br />247,120.00
<br />247,120.00
<br />259,476.00
<br />12/01/2024
<br />205,000.00
<br />2.050%
<br />38,225.00
<br />243,225.00
<br />243,225.00
<br />255,386.25
<br />12/01/2025
<br />210,000.00
<br />2.300%
<br />34,022.50
<br />244,022.50
<br />244,022.50
<br />256,223.63
<br />12/01/2026
<br />215,000.00
<br />2.400%
<br />29,192.50
<br />244,192.50
<br />244,192.50
<br />256,402.13
<br />12/01/2027
<br />160,000.00
<br />2.550%
<br />24,032.50
<br />184,032.50
<br />184,032.50
<br />193,234.13
<br />12/01/2028
<br />165,000.00
<br />2.700%
<br />19,952.50
<br />184,952.50
<br />184,952.50
<br />194,200.13
<br />12/01/2029
<br />170,000.00
<br />2.850%
<br />15,497.50
<br />185,497.50
<br />185,497.50
<br />194,772.38
<br />12/01/2030
<br />175,000.00
<br />2.950%
<br />10,652.50
<br />185,652.50
<br />185,652.50
<br />194,935.13
<br />12/01/2031
<br />180,000.00
<br />3.050%
<br />5,490.00
<br />185,490.00
<br />185,490.00
<br />194,764.50
<br />Total
<br />$2,865,000.00
<br />-
<br />$566,555.42
<br />$3,431,555.42
<br />(62,535.42)
<br />$3,369,020.00
<br />$3,537,471.00
<br />Ehlers & Associates, Inc. Page 11
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