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<br />Preliminary
<br />
<br />$1,005,000
<br />City of Centerville, Minnesota
<br />General Obligation Capital Improvement Bonds, Series 2004
<br />Circle Pines Portion
<br />
<br />Debt Service Schedule
<br />
<br />Date Principal Coupon Interest Total P+l Fiscal Total
<br />11/01/2004
<br />02/01/2005
<br />08/01/2005 25,978.13 25,978.13
<br />02/0112006 17,318.75 17,318.75 43,296.88
<br />08/01/2006 17,318.75 17,318.75
<br />02101/2007 85,000.00 2.500% 17,318.75 102,318.75 119,637.50
<br />08/01/2007 16,256.25 16,256.25
<br />02/01/2008 90,000.00 2.750% 16,256.25 106,256.25 122,512.50
<br />08/01/2008 15,018.75 15,018.75
<br />02/01/2009 90,000.00 3.000% 15,018.75 105,018.75 120,037.50
<br />08/01/2009 13,668.75 13,668.75
<br />02/01/2010 95,000.00 3.250% 13,668.75 108,666.75 122,337.50
<br />08101/2010 12,125.00 12,125.00
<br />02/01/2011 100,000.00 3.500% 12,125.00 112,125.00 124.250.00
<br />08/01/2011 10,375.00 10,375.00
<br />02/01/2012 100,000.00 3.600% 10,375.00 110,375.00 120,750.00
<br />08/0112012 8,575.00 8,575.00
<br />02/01/2013 105,000.00 3.700% 8,575.00 113.575.00 122,150.00
<br />08/01/2013 6,632.50 6,632.50
<br />02101/2014 110,000.00 3.800% 6,632.50 116,632.50 123,265.00
<br />08/0112014 4,542.50 4,542.50
<br />02/01/2015 115,000.00 3.900% 4,542.50 119,542.50 124,085.00
<br />08/01/2015 2,300.00 2,300.00
<br />02101/2016 115,000.00 4.0000!(l 2,300.00 117,300.00 119,600.00
<br />Total $1,005,000.00 $256,921.88 $1,261,921.88
<br />Yield Statistics
<br />
<br />Bond Year Dollars.................. ..... ................. ....... .............. ..........n....... .....
<br />Average Life............... .................
<br />Average Coupon.. ....................................... .......... ...
<br />
<br />$7,071.25
<br />7.036 Years
<br />3.6333305%
<br />
<br />Net Interest Cost (NlC)........ ............... ............... .. ....................................................... ..................
<br />True Interesl Cost (TIC).............. ........,..................... ............... ....................... ................................
<br />Bond Yield for Arbitrage Purposes... ". ..... .......................... n"'..' ,................................,.......n..............n......... ...... ...................
<br />All Inclusive Cost (AIC). ............................................. ....................................................................."....... ................
<br />
<br />3.8038802%
<br />3.8142411%
<br />3.6145721%
<br />3.9123764%
<br />
<br />IRS Form 8038
<br />Net Interest Cost..... ..............................._.............................
<br />Weighted Average Maturity,. .................... ..... ........ .... ............ .......h.....
<br />
<br />......................................................................
<br />
<br />3.6333305%
<br />7.036 Years
<br />
<br />...................................-..................................................
<br />
<br />Police Slelion & CilyHal I Circle Pines I 8/9/20041 1:10PM
<br />
<br />Northland Securities
<br />Public Finance
<br />
<br />Page 3
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