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,-7INCIPAL AND INTEREST PAYMENT SCHEDULE
<br />City of Gem Lake, Minnesota Dated Date: 8/23/2006
<br />$245,000 General Obligation Improvement Bonds, Series 2006A Call Date: 2/1/2012
<br />Payment Payment Total Fiscal
<br />Due Date Principal Rate Interest Notations P & I Total
<br />02/01/07
<br />4,623.69
<br />4,623.69
<br />4,623.69
<br />08/01/07
<br />-
<br />-
<br />5,267.50
<br />5,267.50
<br />02/01/08
<br />20,000.00
<br />4.300
<br />5,267.50
<br />25,267.50
<br />30,535.00
<br />08/01/08
<br />-
<br />-
<br />4,837.50
<br />4,837.50
<br />02/01/09
<br />20,000.00
<br />4.300
<br />4,837.50
<br />24,837.50
<br />29,675.00
<br />08/01/09
<br />-
<br />-
<br />4,407.50
<br />4,407.50
<br />02/01/10
<br />20,000.00
<br />4.300
<br />4,407.50
<br />24,407.50
<br />28,815.00
<br />08/01/10
<br />-
<br />-
<br />3,977.50
<br />3,977.50
<br />02/01/11
<br />25,000.00
<br />4.300
<br />3,977.50
<br />28,977.50
<br />32,955.00
<br />08/01/11
<br />-
<br />-
<br />3,440.00
<br />3,440.00
<br />02/01/12
<br />25,000.00
<br />4.300
<br />3,440.00
<br />28,440.00
<br />31,880.00
<br />08/01/12
<br />-
<br />-
<br />2,902.50
<br />2,902.50
<br />02/01/13
<br />25,000.00
<br />4.300
<br />2,902.50
<br />27,902.50
<br />30,805.00
<br />08/01/13
<br />-
<br />-
<br />2,365.00
<br />2,365.00
<br />02/01/14
<br />25,000.00
<br />4.300
<br />2,365.00
<br />27,365.00
<br />29,730.00
<br />08/01/14
<br />-
<br />-
<br />1,827.50
<br />1,827.50
<br />02/01/15
<br />25,000.00
<br />4.300
<br />1,827.50
<br />26,827.50
<br />28,655.00
<br />08/01/15
<br />-
<br />-
<br />1,290.00
<br />1,290.00
<br />02/01/16
<br />30,000.00
<br />4.300
<br />1,290.00
<br />31,290.00
<br />32,580.00
<br />08/01/16
<br />-
<br />-
<br />645.00
<br />645.00
<br />02/01/17
<br />30,000.00
<br />4.300
<br />645.00
<br />30,645.00
<br />31,290.00
<br />245,000.00
<br />66,543.69
<br />311,543.69
<br />311,543.69
<br />* The following funds are available to pay the interest payment due 2/1/2007 and a portion of the
<br />interest payment due 810112007:
<br />Capitalized Interest: $4,623.69
<br />Rounding Amount: 2,126.31
<br />Total Funds Available $6,750.00
<br />** Each of the maturites noted above with "**" are Term Bonds and, therefore, Mandatory Call Notices must be published by
<br />the Paying Agent each of those years.
<br />FREERS
<br />6 A'-OCIA TES INC
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