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City of Ramsey, Minnesota
<br />$9,845,000 General Obligation CIP Refunding Bonds, Series 2021A
<br />Current Refunding of Series 2012A
<br />Debt Service Comparison
<br />Date
<br />Total P+I Net New D/S
<br />Old Net D/S Savings
<br />12/15/2021 - (2,477.52) - 2,477.52
<br />12/15/2022 1,088,275.56 1,088,275.56 1,199,212.50 110,936.94
<br />12/15/2023 1,103,900.00 1,103,900.00 1,217,962.50 114,062.50
<br />12/15/2024 1,122,950.00 1,122,950.00 1,235,362.50 112,412.50
<br />12/15/2025 1,140,650.00 1,140,650.00 1,251,412.50 110,762.50
<br />12/15/2026 1,142,000.00 1,142,000.00 1,251,112.50 109,112.50
<br />12/15/2027 1,137,450.00 1,137,450.00 1,249,912.50 112,462.50
<br />12/15/2028 1,142,150.00 1,142,150.00 1,252,812.50 110,662.50
<br />12/15/2029 1,135,800.00 1,135,800.00 1,249,662.50 113,862.50
<br />12/15/2030 1,144,400.00 1,144,400.00 1,254,193.76 109,793.76
<br />12/15/2031 1,142,400.00 1,142,400.00 1,256,006.26 113,606.26
<br />Total
<br />$11,299,975.56 $11,297,498.04
<br />$12,417,650.02 $1,120,151.98
<br />PV Analysis Summary (Net to Net)
<br />Gross PV Debt Service Savings
<br />Net PV Cashflow Savings @ 0.941%(Bond Yield)
<br />1,061,140.60
<br />1,061,140.60
<br />Contingency or Rounding Amount 2,477.52
<br />Net Present Value Benefit $1,063,618.12
<br />Net PV Benefit / $11,780,094.22 PV Refunded Debt Service 9.029%
<br />Net PV Benefit / $10,510,000 Refunded Principal...
<br />Net PV Benefit / $9,845,000 Refunding Principal..
<br />Refunding Bond Information
<br />10.120%
<br />10.804%
<br />Refunding Dated Date 10/19/2021
<br />Refunding Delivery Date 10/19/2021
<br />Series 2021A GO CIP Ref B I SINGLE PURPOSE 1 9/28/2021 1 10:35 AM
<br />FREERS
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