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City of Ramsey, Minnesota
<br />$10,700,000 General Obligation CIP Refunding Bonds, Series 201A
<br />Proposed Current Refunding of Series 2012A
<br />Assuming GO Non-BQ "AA+" Market Rates + 15 bps
<br />Debt Service Comparison
<br />Date Total P+I Net New D/S - Old Net D/S Savings
<br />12/15/2021 - -
<br />12/15/2022 1,092,975. 78 1,092,975.78 1,199,212.50 106,236.72.
<br />12/15/2023 1,113,847.50 1,113,847.50 1,217,962.50 104,115.00
<br />12/15/2024 1,128,747.50 1,128,747.50 1,235,362.50 106,615.00
<br />12/15/2025 1,147,507.50 1,147,507.50 1,251,412.50 103,905.00
<br />12/15/2026 1,145,052.50 1,145,052.50 1,251,112.50 106,060.00
<br />12/15/2027 1,146,492.50 1,146,492.50 1,249,912.50 103,420.00
<br />12/15/2028 1,146,772.50 1,146,772.50 1,252,812.50 106,040.00
<br />12/15/2029 1,145,327.50 1,145,327.50 1,249,662.50 104,335.00
<br />12/15/2030 1,151,577.50 1,151,577.50 1,254,193.76 102,616.26
<br />12/15/2031 1,151,457.50 1,151,457.50 1,256,006.26 104,548.76
<br />Total
<br />$11,369,758.28 $11,369,758.28 $12,417,650.02 $1,047,891.74
<br />PV Analysis Summary (Net to Net)
<br />Net PV Cashflow Savings J3a 1.080%(Bond Yield)
<br />Net Present Value Benefit
<br />Net PV Benefit / $11,689,736.53 PV Refunded Debt Service
<br />Net PV Benefit / $10,510,000 Refunded Principal...
<br />Net PV Benefit / $10,700,000 Refunding Principal..
<br />989,736.53
<br />$989,736.53
<br />8.467%
<br />9.417%
<br />9.250%
<br />Refunding Bond Information
<br />Refunding Dated Date
<br />Refunding Delivery Date
<br />10/19/2021
<br />10/19/2021
<br />Series 2021A GO CIP Ref B f SINGLE PURPOSE 18/ 9/2021 112:28 PM
<br />HLERS
<br />PUEL C FINANCE' ADVISORS
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