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City of Ramsey, Minnesota
<br />$9,045,000 General Obligation CIP Bonds, Series 2020
<br />Assumes Current Market BQ AA+ Rates plus 25bps
<br />Level Debt - $9.422M Cash
<br />Debt Service Schedule
<br />105%
<br />Date Principal Coupon Interest Total P+I Overlevy
<br />12/15/2020 - -
<br />12/15/2021 - 241,655.19 241,655.19 253,737.95
<br />12/15/2022 385,000.00 1.300% 176,105.00 561,105.00 589,160.25
<br />12/15/2023 390,000.00 1.350% 171,100.00 561,100.00 589,155.00
<br />12/15/2024 395,000.00 1.400% 165,835.00 560,835.00 588,876.75
<br />12/15/2025 400,000.00 1.450% 160,305.00 560,305.00 588,320.25
<br />12/15/2026 405,000.00 1.500% 154,505.00 559,505.00 587,480.25
<br />12/15/2027 410,000.00 1.550% 148,430.00 558,430.00 586,351.50
<br />12/15/2028 420,000.00 1.600% 142,075.00 562,075.00 590,178.75
<br />12/15/2029 425,000.00 1.700% 135,355.00 560,355.00 588,372.75
<br />12/15/2030 435,000.00 1.800% 128,130.00 563,130.00 591,286.50
<br />12/15/2031 440,000.00 1.850% 120,300.00 560,300.00 588,315.00
<br />12/15/2032 450,000.00 1.950% 112,160.00 562,160.00 590,268.00
<br />12/15/2033 455,000.00 2.050% 103,385.00 558,385.00 586,304.25
<br />12/15/2034 465,000.00 2.150% 94,057.50 559,057.50 587,010.38
<br />12/15/2035 475,000.00 2.200% 84,060.00 559,060.00 587,013.00
<br />12/15/2036 485,000.00 2.250% 73,610.00 558,610.00 586,540.50
<br />12/15/2037 500,000.00 2.300% 62,697.50 562,697.50 590,832.38
<br />12/15/2038 510,000.00 2.350% 51,197.50 561,197.50 589,257.38
<br />12/15/2039 520,000.00 2.400% 39,212.50 559,212.50 587,173.13
<br />12/15/2040 535,000.00 2.450% 26,732.50 561,732.50 589,819.13
<br />12/15/2041 545,000.00 2.500% 13,625.00 558,625.00 586,556.25
<br />Total $9,045,000.00 - $2,404,532.69 $11,449,532.69 $12,022,009.32
<br />Significant Dates
<br />Dated
<br />First Coupon Date
<br />Yield Statistics
<br />Bond Year Dollars
<br />Average Life
<br />Average Coupon
<br />8/01/2020
<br />6/15/2021
<br />$112,976.75
<br />12.491 Years
<br />2.1283429%
<br />Net Interest Cost (NIC) 2.2084037%
<br />True Interest Cost (TIC) 2.2048705%
<br />Bond Yield for Arbitrage Purposes 2.1111592%
<br />All Inclusive Cost (AIC) 2.2814353%
<br />IRS Form 8038
<br />Net Interest Cost
<br />Weighted Average Maturity
<br />2020 GO CIP Bonds - $9.42 I SINGLE PURPOSE 1 4/23/2020 12:56 PM
<br />2.1283429%
<br />12.491 Years
<br />EHLERS
<br />PUBLIC
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