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Agenda - Council - 10/24/2023
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Agenda - Council - 10/24/2023
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3/13/2025 11:29:47 AM
Creation date
10/30/2023 2:09:43 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
10/24/2023
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City of Ramsey, Minnesota <br /> $1,400,000 General Obligation Bonds, Series 2023A <br /> Equip <br /> Debt Service Schedule <br /> 105% <br /> Date Principal Coupon Interest Total P+I Overlevy <br /> 12/15/2023 - - - - - <br /> 12/15/2024 1051000.00 5.000% 75,833.33 l W833.33 189,875.00 <br /> 12/15/2025 11500.00 5.000% 64,750.00 179,750.00 188,737.50 <br /> 12/15/2026 1251000.00 5.000% 5900.00 18400.00 193,200.00 <br /> 12/15/2027 1301000.00 5.000% 52,750.00 182,750.00 19107.50 <br /> 12/15/2028 1351000.00 5.000% 46,250.00 18L250.00 190X2.50 <br /> 12/15/2029 1451000.00 5.000% 39,500.00 184,500.00 193,725.00 <br /> 12/15/2030 1501000.00 5.000% 32,250.00 182,250.00 19L362.50 <br /> 12/15/2031 1551000.00 5.000% 24,750.00 179,750.00 l W737.50 <br /> 12/15/2032 16500.00 5.000% 1700.00 18200.00 1911100.00 <br /> 12/15/2033 1751000.00 5.000% 8,750.00 1831750.00 1921937.50 <br /> Total $154009000.00 - $420,833.33 $198205833.33 $159115875.00 <br /> Significant Dates <br /> Dated 11/15/2023 <br /> First Coupon Date 6/15/2024 <br /> Yield Statistics <br /> Bond Year Dollars $8,416.67 <br /> Average Life 6.012 Years <br /> Average Coupon 5.0000000% <br /> Net Interest Cost(NIC) 4.1975254% <br /> True Interest Cost(TIC) 4.0639889% <br /> Bond Yield for Arbitrage Purposes 3.9796200% <br /> All Inclusive Cost(AIC) 4.2500861% <br /> IRS Form 8038 <br /> Net Interest Cost 3.7437533% <br /> Weighted Average Maturity 6.080 Years <br /> Series 2023A GO Bonds-F I Equip 1 10/24/2023 1 11:25 AM <br /> 4 <br /> EHLERS <br /> PUBLIC FINANCE ADVISORS'. <br />
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