|
City of Centerville, Minnesota EXHIBIT 3.00
<br /> $720,OOD G.O. Bonds, Series 1998
<br /> Bonds Dated: July 1, 1998
<br /> Less:
<br /> $612,233.10
<br /> Collect Maturity Total Capitalized P & I @ 8.00% Special
<br /> Year Year Principal Interest P &I Interest x 105% Assessments Non - Assessed
<br /> 1998 /1999 19,385.63 19,386 19,386
<br /> 1999 /2000 60,000 33,232.50 93,233 97,894,13 91,241 6,653.34
<br /> 2000 /2001 60,000 30,712.50 90,713 95,248.13 91,241 4,007.34
<br /> 2001 12002 65,000 28,132.50 93,133 97,789,13 91,241 6,548.34
<br /> 2002 /2003 65,000 25,272.50 90,273 94,786.13 91,241 3,545.34
<br /> 2003 /2004 70,000 22,380.00 92,380 96,999.00 91,241 5,758.21
<br /> 2004 /2005 75,000 19,230.00 94,230 98,941.50 91,241 7,700.71
<br /> 2005 /2006 75,000 15,780.DD 90,780 95,319.00 91,241 4,078.21
<br /> 2006 /2007 80,000 12,255.00 92,255 96,867.75 91,241 5,626.96
<br /> 2007 /2008 85,000 8,415.00 93,415 98,085.75 91,241 6,844.96
<br /> 2008 /2009 85,000 4,250.00 89,250 93,712.50 91,241 2,471.71
<br /> Total $720,000 $939,046 $19,386 $965,643 $912,408 $53,235
<br /> Assumptions:
<br /> (1) Interest rates received week of May 11, 1998.
<br /> (2) Bonds dated July 1, 1998.
<br /> (3) Capitalized interest will be used to make first interest payment on February 1, 1999 (before assessments can be collected).
<br /> (4) Special assessments have been run as equal principal and interest payments at a rate of 8.00% over 10 years.
<br /> (5) Remaining non- assessed amounts would be paid from utility revenues.
<br /> Prepared by Ehlers and Associates 05/13/98 levycalc.123
<br />
|