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City of Ramsey, Minnesota
<br />$7,160,000 General Obligation TIF Bonds, Series 2023A
<br />Assumes Current Market BQ AA+ Rates + 50bps
<br />Debt Service Schedule
<br />105%
<br />Date Principal Coupon Interest Total P+I Overlevy
<br />12/15/2023 - - - - -
<br />12/15/2024 265,000.00 3.450% 375,653.42 640,653.42 672,686.09
<br />12/15/2025 390,000.00 3.350% 248,940.00 638,940.00 670,887.00
<br />12/15/2026 405,000.00 3.350% 235,875.00 640,875.00 672,918.75
<br />12/15/2027 420,000.00 3.350% 222,307.50 642,307.50 674,422.88
<br />12/15/2028 435,000.00 3.350% 208,237.50 643,237.50 675,399.38
<br />12/15/2029 445,000.00 3.350% 193,665.00 638,665.00 670,598.25
<br />12/15/2030 460,000.00 3.400% 178,757.50 638,757.50 670,695.38
<br />12/15/2031 480,000.00 3.400% 163,117.50 643,117.50 675,273.38
<br />12/15/2032 495,000.00 3.450% 146,797.50 641,797.50 673,887.38
<br />12/15/2033 510,000.00 3.500% 129,720.00 639,720.00 671,706.00
<br />12/15/2034 530,000.00 3.650% 111,870.00 641,870.00 673,963.50
<br />12/15/2035 550,000.00 3.800% 92,525.00 642,525.00 674,651.25
<br />12/15/2036 570,000.00 3.950% 71,625.00 641,625.00 673,706.25
<br />12/15/2037 590,000.00 4.050% 49,110.00 639,110.00 671,065.50
<br />12/15/2038 615,000.00 4.100% 25,215.00 640,215.00 672,225.75
<br />Total $7,160,000.00
<br />$2,453,415.92
<br />$9,613,415.92 $10,094,086.72
<br />Significant Dates
<br />Dated
<br />First Coupon Date
<br />Yield Statistics
<br />7/01/2023
<br />6/15/2024
<br />Bond Year Dollars $65,986.78
<br />Average Life 9.216 Years
<br />Average Coupon 3.7180417%
<br />Net Interest Cost (NIC)
<br />True Interest Cost (TIC)
<br />3.8482496%
<br />3.8580211%
<br />Bond Yield for Arbitrage Purposes 3.6978745%
<br />All Inclusive Cost (AIC) 3.9962156%
<br />IRS Form 8038
<br />Net Interest Cost
<br />Weighted Average Maturity
<br />3.7180417%
<br />9.216 Years
<br />Series 2023A GO TIF Bonds I SINGLE PURPOSE 15/ 5/2023 18:41 AM
<br />6.0% E HLE RS
<br />PUBLIC FINANCE ADVISORS
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