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City of Ramsey, Minnesota
<br />$7,645,000 General Obligation CIP Bonds, Series 2021
<br />Assumes Current Market BQ AA+ Rates plus 100bps
<br />Level Debt - $7.5M Cash
<br />Debt Service Schedule
<br />105%
<br />Date Principal Coupon Interest Total P+I Overlevy
<br />12/15/2021 - - -
<br />12/15/2022 280,000.00 2.700% 267,957.50 547,957.50 575,355.38
<br />12/15/2023 285,000.00 2.750% 260,397.50 545,397.50 572,667.38
<br />12/15/2024 295,000.00 2.800% 252,560.00 547,560.00 574,938.00
<br />12/15/2025 305,000.00 2.900% 244,300.00 549,300.00 576,765.00
<br />12/15/2026 310,000.00 2.950% 235,455.00 545,455.00 572,727.75
<br />12/15/2027 320,000.00 3.050% 226,310.00 546,310.00 573,625.50
<br />12/15/2028 330,000.00 3.100% 216,550.00 546,550.00 573,877.50
<br />12/15/2029 340,000.00 3.200% 206,320.00 546,320.00 573,636.00
<br />12/15/2030 355,000.00 3.300% 195,440.00 550,440.00 577,962.00
<br />12/15/2031 365,000.00 3.400% 183,725.00 548,725.00 576,161.25
<br />12/15/2032 375,000.00 3.500% 171,315.00 546,315.00 573,630.75
<br />12/15/2033 390,000.00 3.550% 158,190.00 548,190.00 575,599.50
<br />12/15/2034 405,000.00 3.650% 144,345.00 549,345.00 576,812.25
<br />12/15/2035 420,000.00 3.700% 129,562.50 549,562.50 577,040.63
<br />12/15/2036 435,000.00 3.800% 114,022.50 549,022.50 576,473.63
<br />12/15/2037 450,000.00 3.900% 97,492.50 547,492.50 574,867.13
<br />12/15/2038 470,000.00 3.950% 79,942.50 549,942.50 577,439.63
<br />12/15/2039 485,000.00 4.000% 61,377.50 546,377.50 573,696.38
<br />12/15/2040 505,000.00 4.050% 41,977.50 546,977.50 574,326.38
<br />12/15/2041 525,000.00 4.100% 21,525.00 546,525.00 573,851.25
<br />Total 87,645,000.00 $3,308,765.00 $10,953,765.00 $11,501,453.25
<br />Significant Dates
<br />Dated
<br />First Coupon Date
<br />Yield Statistics
<br />12/15/2021
<br />6/15/2022
<br />Bond Year Dollars
<br />Average Life
<br />Average Coupon
<br />Net Interest Cost (NIC)
<br />True Interest Cost (TIC)
<br />Bond Yield for Arbitrage Purposes
<br />All Inclusive Cost (AIC)
<br />IRS Form 8038
<br />$88,790.00
<br />11.614 Years
<br />3.7265064%
<br />3.8126084%
<br />3.8098120%
<br />3.6983678%
<br />3.9058509%
<br />Net Interest Cost
<br />Weighted Average Maturity
<br />2021 GO CIP Bonds - $7.5M I SINGLE PURPOSE 1 4/29/2019 19:59 AM
<br />3.7265064%
<br />11.614 Years
<br />:ThEHLERS
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