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<br />
<br />City of Arden HiIIs,MN
<br />Proposed Crossover Refunding of
<br />$3,100,000 G.O. Tax Increment Bonds, Series 1998A
<br />
<br />Debt Service Comparison
<br />
<br /> Const Loan Fiscal
<br />Date Total P+I Pmt Existing D/S Net New D/S Old Net DIS Savi ngs Total
<br />04/0 1/2004
<br />08/01/2004 23,221.67 (23,221.67) 53,87250 53,87250 53,87250
<br />02/01/2005 34,832.50 (2,404,832.50) 2,423,872.50 53,87250 53,87250
<br />08/01/2005 34,832.50 34,832.50 53,87250 19,040.00
<br />02/01/2006 249,832,50 249,83L5Q 238,87250 (10,960.00) 8,080.00
<br />08101/2006 33,112.50 33,112.50 49,987.50 16,875.00
<br />02/01/2007 253,112.50 253,112.50 244,987.50 (8,125.00) 8,750.00
<br />08/01/2007 30,912.50 30,912.50 45,795.00 14,882.50
<br />02/0112008 255,912.50 255,912.50 250,795.00 (5,117.50) 9,765.00
<br />08/01/2008 u_28,43750 28,43J.,~0 41,336.25 12,89875
<br />02/0112009 258,437.50 258,437.50 256,336.25 (2,101.25) 10,797.50
<br />08/01/2009 25,562.50 25,562.50 36,552.50 10,990.00
<br />02/01/2010 265,562.50 265,562.50 266,552.50 990.00 11,980.00
<br />08/0112010 22,262.50 22,262.50 31,377.50 9,115.00
<br />02/01/2011 277,26250 ........277,26L50... ... _22(;,~7.7"Q__ u(88500j _~.3~110..
<br /> ___________n__._
<br />08101/2011 18,437.50 18,437.50 25,742.50 7,305.00
<br />02/01/2012 278,437.50 278,437.50 280,742.50 2,305.00 9,610.00
<br />08/01/2012 14,375.00 14,375.00 19,813.75 5,438.75
<br />02/01/2013 279.375.00 279,375.00 284,813.75 5,438.75 10,877.50
<br />08/01/2013 10,.~6.8.J.~ 10,0(;.8.J.5......... .13,586.25 . 3,51J,50
<br /> _.__'.....___..o_.__'..n_
<br />02/01/2014 285,068.75 285,068.75 293,586.25 8,517.50 12,035.00
<br />08/01/2014 5,256.25 5,256.25 7,006.25 1,750.00
<br />02/0 1/20 15 295,256.25 295,256.25 302,006.25 6,750.00 8,500.00
<br />Tolal $2,979,569.17 (2,428,054.17) $2,477,745.00 $3,029,260.00 $3,127,885.00 $98,625.00
<br />
<br />PV Analysis Summary (Net to Net)
<br />
<br />Gross PV Debt Service Savings
<br />
<br />80,620.37
<br />
<br />Net PV Cashflow
<br />
<br />
<br />Contin~~1!~y_~~~g~Il;~,~t1~_ ~_(l_~!!~
<br />Net Present Value Benefit
<br />
<br />},88218_
<br />J.~:l,.~112.2.5...
<br />
<br />~~_t PV_!:J:enefit I, $2,370,000 Refunded Principal
<br />_Net PV Benefit I $2,475,000 Refunding P.rinc~'~~'__M
<br />
<br />3.566%
<br />3.415%
<br />
<br />Refunding Bond Information
<br />
<br />~~~_nding Dated Date
<br />Refunding Delivery Date
<br />
<br />4/0112004
<br />4/0 1/2004
<br />
<br />
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