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<br />Preliminary
<br />
<br />$5,325,000
<br />City of Centerville, Minnesota
<br />General Obligation Capital Improvement Bonds, Series 2004
<br />Police Station & Centerville City Hall (AAA/lnsured Bond assumed)
<br />
<br />Debt Service Schedule
<br />
<br />Date Principal Coupon Interest Total P+J Fiscal Total
<br />11/01/2004
<br />02101/2005
<br />08/01/2005 137,555,64 137,555,64
<br />02/01/2006 91,703.75 91,703.75 229,259.39
<br />08/01/2006 91,703.75 91,703.75
<br />02/01/2007 460,000.00 2.500% 91,703.75 551,703.75 643,407.50
<br />08/01/2007 85,953.75 85,953.75
<br />02/0112008 475,000.00 2.750% 85,953.75 560,953.75 646,907.50
<br />08/01/2008 79,422.50 79,422.50
<br />02/01/2009 485,000.00 3.0000/11 79,422.50 564,422.50 643,845.00
<br />08/01/2009 72,147.50 72,147.50
<br />02/01/2010 500,000.00 3.250% 72,147,50 572,147.50 644,295.00
<br />08/0112010 64,022.50 84,022.50
<br />02/01/2011 520,000.00 3.500%. 64,022.50 584,022.50 648,045.00
<br />08/0112011 54,922.50 54,922.50
<br />02/0112012 535,000.00 3.600% 54,922.50 589,922.50 644,845.00
<br />08/01/2012 45,292.50 45,292.50
<br />02/0112013 555,000.00 3.700% 45,292.50 600,292.50 645,585.00
<br />08/0112013 35,025.00 35,025.00
<br />02/01/2014 575,000.00 3.800% 35,025.00 610,025.00 645,050.00
<br />08/0112014 24,100.00 24,100.00
<br />02/01/2015 600,000.00 3.900% 24,100.00 624,100,00 648,200.00
<br />08/0112015 12,400.00 12,400.00
<br />02/0112016 620,000.00 4.000% 12,400.00 632,400.00 644,800.00
<br />Tota.l $5,325,000.00 $1,359,239.39 $6,684,239.39
<br />Yield Statistics
<br />
<br />Bond Year Dollars... ......... ..... ....... .... .... ...................... .........,.................. .............. ....,............._................... ................. ...... ......
<br />Average Life. ................ ,............... ._... ,........... ........, ........................................................... ......" .................,. ........ ........ .............
<br />Average Coupon............ ......., ...... .....n... ,. .................... .......... ..... ................................,............ .....'" ................... ..... .... ........ ...
<br />
<br />$37,416.25
<br />7.027 Years
<br />3.6327515%
<br />
<br />Net Interest Co.st (NIC)................................. ..................................................................................... ................ ....................
<br />True Interest Cost (TIC).....,..,.....................................................................n....... . .................. ...............................
<br />Bond Yield for Arbitrage Purposes ........................ ................ .................. ...... ...... .......,..... ....... ..........,....... ....................
<br />All Inclusive Cost (AIC).... ............................................,............................................................................ ...............................
<br />
<br />3.8035329%
<br />3.8137867%
<br />3.6145721 %
<br />3.9121427%
<br />
<br />IRS Form 8038
<br />Net Interest Cost........ ............................... ..... ............... ........................... ....
<br />Weighted Average Maturity........................................ .................................".............
<br />
<br />3.6327515%
<br />7.027 Years
<br />
<br />Police Station & City Hal I IssueSummBry I 8/9120041 1:10PM
<br />
<br />Northland Securities
<br />Public Finance
<br />
<br />Page 2
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