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Preliminary
<br /> City of Circle Pines, MN
<br /> $1,505,000 G.O. Refunding Bonds, Dated: June 1, 2012
<br /> Proposed Crossover Refunding of Series 2005A
<br /> Assumes "AA" Rating, Current B.Q. Market Rates +35 Basis Points
<br /> Debt Service Schedule
<br /> Date Principal Coupon Interest Total P +I Fiscal Total
<br /> 06/01/2012 - - - - -
<br /> 02/01/2013 - - 13,818.33 13,818.33 13,818.33
<br /> 08/01/2013 - - 10,363.75 10,363.75 -
<br /> 02/01/2014 180,000.00 0.850% 10,363.75 190,363.75 200,727.50
<br /> 08/01/2014 - - _ 9,598.75 9,598.75 -
<br /> 02/01/2015 180,000.00 0.900% 9,598.75 189,598.75 199,197.50
<br /> 08/01/2015 - - 8,788.75 8,788.75 -
<br /> 02/01/2016 185,000.00 1.000% 8,788.75 193,788.75 202,577.50
<br /> 08/01/2016 - - 7,863.75 7,863.75 -
<br /> 02/01/2017 _ 185,000.00 1.150% 7,863.75 _ 192,863.75 200,727.50
<br /> 08/01/2017 - - 6,800.00 6,800.00 -
<br /> 02/01/2018 190,000.00 1.400% 6,800.00 196,800.00 203,600.00
<br /> 08/01/2018 - - 5,470.00 5,470.00 -
<br /> 02/01/2019 190,000.00 1.650% 5,470.00 195,470.00 200,940.00
<br /> 08/01/2019 - - 3,902.50 3,902.50
<br /> 02/01/2020 195,000.00 1.900% 3,902.50 198,902.50 202,805.00
<br /> 08/01/2020 - - 2,050.00 2,050.00 -
<br /> 02/01/2021 200,000.00 2.050% 2,050.00 202,050.00 204,100.00
<br /> Total $1,5055,000.00 - 5123,493.33 51,628,493.33 -
<br /> Yield Statistics
<br /> Bond Year Dollars 57,893.33
<br /> Average Life _ 5.245 Years
<br /> Average Coupon 1.5645270%
<br /> Net Interest Cost (NIC) 1.7551942%
<br /> True Interest Cost (TIC) _ 1.7591930%
<br /> Bond Yield for Arbitrage Purposes 1.5579020%
<br /> All Inclusive Cost (AIC) 2.1685241%
<br /> IRS Form 8038
<br /> Net Interest Cost _ 1.5645270%
<br /> Weighted Average Maturity 5.245 Years
<br /> 09 xover Ser 05A E2 365M 1 SINGLE PURPOSE 1 3/12/2012 1 3:23 PM
<br /> 0 EHLERS
<br /> LEADERS IN PUBLIC FINANCE
<br /> 16
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