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Agenda - Council - 12/08/2020
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Agenda - Council - 12/08/2020
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3/17/2025 2:11:01 PM
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12/8/2020 1:13:58 PM
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Meetings
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Agenda
Meeting Type
Council
Document Date
12/08/2020
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City of Ramsey, Minnesota <br />$9,065,000 General Obligation CIP Bonds, Series 2020A <br />Assumes Current Market BC) AA+ Rates plus 25bps <br />Wrap Around Debt <br />Pricing Summary <br />Type of • Maturity <br />Maturity A Bond Coupon Yield Value Price Dollar Price <br />12/15/2032 Serial Coupon 1.450% 1.450% 840,000.00 100.000% 840,000.00 <br />12/15/2033 Serial Coupon 1.550% 1.550% 855,000.00 100.000% 855,000.00 <br />12/15/2034 Serial Coupon 1.600% 1.600% 865,000.00 100.000% 865,000.00 <br />12/15/2035 Serial Coupon 1.700% 1.700% 880,000.00 100.000% 880,000.00 <br />12/15/2036 Serial Coupon 1.750% 1.750% 895,000.00 100.000% 895,000.00 <br />12/15/2037 Serial Coupon 1.850% 1.850% 910,000.00 100.000% 910,000.00 <br />12/15/2038 Serial Coupon 1.900% 1.900% - 925,000.00 100.000% 925,000.00 <br />12/15/2039 Serial Coupon 1.950% 1.950% 945,000.00 100.000% 945,000.00 <br />12/15/2040 Serial Coupon 2.000% 2.000% 965,000.00 100.000% 965,000.00 <br />12/15/2041 Serial Coupon 2.050% 2.050% 985,000.00 100.000% 985,000.00 <br />Total <br />$9,065,000.00 <br />$9,065,000,00 <br />Bid Information <br />Par Amount of Bonds <br />Gross Production <br />Total Underwriter's Discount (1.000%) <br />Bid (99.000%) <br />Total Purchase Price <br />Bond Year Dollars <br />$9,065,000.00 <br />$9,065,000.00 <br />$(90,650.00) <br />8,974,350.00 <br />$8,974,350.00 <br />$150,507.29 <br />Average Life <br />Average Coupon <br />Net Interest Cost (NIC) <br />True Interest Cost (TIC) <br />2020A GO CIP Bonds - PreS I SINGLE PURPOSE l 11/ 2/2020 111:04 AM <br />16.603 Years <br />1.8226048% <br />1.8828344% <br />1.8887180% <br />EHLERS <br />
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