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<br />Pr€!limlnary
<br />
<br />.
<br />
<br />$845,000
<br />
<br />City of CentervilJe, Minnesota
<br />General Obligation Capital Improvement Bonds, Series 2004
<br />Lexington Portion
<br />
<br />Debt Service Schedule
<br />
<br />Date Principal Coupon Interest Total P+! Fiscal Total
<br />11101/2004
<br />02/01/2005
<br />08/01/2005 21,826.88 21,826.88
<br />02101/2006 14,551.25 14,551.25 36,378.13
<br />08/01/2006 14,551.25 14,551.25
<br />02101/2007 75,000.00 2,500% 14,551.25 89,551.25 104;102.50
<br />08/01/2007 13,613.75 13,613.75
<br />02/01/2008 75,000.00 2.750% 13,613.75 88,613.75 102,227.50
<br />08/01/2008 12,582.50 12,582.50
<br />02/01/2009 75,000.00 3.000% 12,582.50 87,582.50 100,165.00
<br />08/01/2009 11,457.50 11,457.50
<br />02/01/2010 80,000.00 3.250.% 11,457.50 91,457.50 102,91B.00
<br />08/01/2010 10,157.50 10,157.50
<br />02101/2011 80,000.00 3.500% 10,157.50 90,157.50 100,315.00
<br />08/01/2011 8,757.50 8,757.50
<br />02/0112012 85,000.00 3.600% 8,757.50 93,757.50 102,515.00
<br />0810112012 7,227.50 7,227.50
<br />0210112013 90,000.00 3.700% 7,227.50 97,227.50 104,455.00
<br />0810112013 5,562.50 5,562.50
<br />0210112014 90,000.00 3.800% 5,562.50 95,562.50 101,125.00
<br />08101/2014 3,852.50 3,852.50
<br />02/01/2015 95,000.00 3.900% 3,852.50 98,852.50 102,705.00
<br />08101/2015 2,000.00 2,000.00
<br />02/01/2016 100,000.00 4.000% 2,000.00 102,000.00 104,000.00
<br />Total $845,000.00 $215,903.13 $1,060,903.13
<br />Yield Statistics
<br />
<br />Bond Year Dollars...,., ,. ,... .... ."... ..,. ..."........,...........,..."....n... ........ ...,. ...'.....n.......... . ....... ........,................,...........................,.
<br />Average Life...................."..........., ....... ..................... ............. .........,,, ..... ................... ...... ............................__...... .......... ...........
<br />Average Coupon............ ....""......................."................ .......".................. ............,..
<br />
<br />$5,941.25
<br />7.031 Years
<br />3.6339681 %
<br />
<br />Net Interest Cost (NIC)..... ..................................................... 3.8046393%
<br />True Interest Cost (TiC)..............."............."..........,............"............................... ...................."........"..""......."..""........",,,.. 3,8148617'YD
<br />Bond Yield for Arbitrage Purposes....."................ ..................."................... ......,,,...........,,... .......".......".............................. 3.6145721clo
<br />A\llnclus;ve Cost (AIC)..."......... ..,.... ., ....... .... ...... ..,.. .............. .............. .................... ..,.............. """ ......,.. .............,...... 3.9130863%
<br />
<br />IRS Form 8038
<br />Net Interest Cost......... ............... .................""........ ........... .......... ..... .............................. ............."............ ............ .......... ........"
<br />Weighted Average Maturity........ .....u.................. ............... ..... ......... .............. ............................................................... .............
<br />
<br />3.6339681%
<br />7.031 Years
<br />
<br />PoliceStalion&CityHall Lexington I 8/9/2004j1:10PM
<br />
<br />Northland Securities
<br />Public Finance
<br />
<br />Page 4
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