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City of Ramsey, Minnesota
<br />$9,935,000 General Obligation CIP Bonds, Series 2020A
<br />Assumes Current Market BQ AA+ Rates plus 25bps
<br />Wrap Around Debt
<br />Debt Service Schedule
<br />105%
<br />Date Principal Coupon Interest Total P+I Overlevy
<br />12/15/2021 170,386.88 170,386.88 178,906.22
<br />12/15/2022 - - 177,795.00 177,795.00 186,684.75
<br />12/15/2023 - - 177,795.00 177,795.00 186,684.75
<br />12/15/2024 - - 177,795.00 177,795.00 186,684.75
<br />12/15/2025 - - 177,795.00 177,795.00 186,684.75
<br />12/15/2026 - - 177,795.00 177,795.00 186,684.75
<br />12/15/2027 - - 177,795.00 177,795.00 186,684.75
<br />12/15/2028 - - 177,795.00 177,795.00 186,684.75
<br />12/15/2029 - - 177,795.00 177,795.00 186,684.75
<br />12/15/2030 - - 177,795.00 177,795.00 186,684.75
<br />12/15/2031 - - 177,795.00 177,795.00 186,684.75
<br />12/15/2032 920,000.00 1.450% 177,795.00 1,097,795.00 1,152,684.75
<br />12/15/2033 935,000.00 1.550% 164,455.00 1,099,455.00 1,154,427.75
<br />12/15/2034 950,000.00 1.600% 149,962.50 1,099,962.50 1,154,960.63
<br />12/15/2035 965,000.00 1.700% 134,762.50 1,099,762.50 1,154,750.63
<br />12/15/2036 980,000.00 1.750% 118,357.50 1,098,357.50 1,153,275.38
<br />12/15/2037 1,000,000.00 1.850% 101,207.50 1,101,207.50 1,156,267.88
<br />12/15/2038 1,015,000.00 1.900% 82,707.50 1,097,707.50 1,152,592.88
<br />12/15/2039 1,035,000.00 1.950% 63,422.50 1,098,422.50 1,153,343.63
<br />12/15/2040 1,055,000.00 2.000% 43,240.00 1,098,240.00 1,153,152.00
<br />12/15/2041 1,080,000.00 2.050% 22,140.00 1,102,140.00 1,157,247.00
<br />Total $9,935,000.00
<br />$3,006,386.88
<br />$12,941,386.88 $13,588,456.22
<br />Significant Dates
<br />Dated 12/30/2020
<br />First Coupon Date 6/15/2021
<br />Yield Statistics
<br />Bond Year Dollars $164,951.04
<br />Average Life 16.603 Years
<br />Average Coupon 1.8225934%
<br />Net Interest Cost (NIC)
<br />True Interest Cost (TIC)
<br />Bond Yield for Arbitrage Purposes
<br />1.8828234%
<br />1.8887092%
<br />1.8181423%
<br />All Inclusive Cost (AIC) 1.9432506%
<br />IRS Form 8038
<br />Net Interest Cost
<br />Weighted Average Maturity
<br />1.8225934%
<br />16.603 Years
<br />2020A GO CIP Bonds - PreS I SINGLE PURPOSE 1 10/12/2020 12:40 PM
<br />itEHLERS
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