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Preliminary <br />1,760,000 <br />City of Roseville, Minnesota <br />General Obligation Improvement Refunding Bonds, Series 2004 <br />Current Refunding of Series 23 <br />Preliminary Feasibility Summary <br />Dated 03/01/2004 � Delivered 03/052004 <br />SOURCES OF FUNDS <br />ParAmount of Bonds ....................................................................................................................................................... <br />Transfers from Prior Issue Debt Service Funds ............................................. ................................. ................................. <br />Accrued I nterest from 03/012004 to 03/052004 .................................................................. ........................................... <br />TOTALSOURCES ........................................................................................................................... ......... ..�..... , .... <br />USES OF FUNDS <br />DeposittoCurrent RefundingFund .................................................................................................................................. <br />Costsof Issuance .........................................................................................................:.:.:.............................................. <br />Total Underwriter's Discount (0.725%) .................................................................................................... :..................... <br />DeposittoDebt Service Fund ................................................................................................:...................�........:............ <br />RoundingAmount ............................................................................................................................................................ <br />TOTALUSES .............................:................:............:.................................................................:.................................... <br />ISSUES REFUNDED AND CALL INFORMATION <br />Priorissue Call Price .......................................:...................................................................................�.,......,......:........... <br />PriorIssue Call Date ........................................................................................................................................................ <br />$1,760,000.00 <br />21,395.63 . <br />403.11 <br />51,781.,798.74 <br />1,736,395.63 <br />32,000.00 <br />12,760.00 <br />403.11 <br />240.00 <br />$1,781,798.74 <br />100.000% <br />�t�� <br />SAVINGS INFORMATION <br />NetFuture Value Benefit ....................................................:............................................................................................ �i��05.87 <br />NetPresent Value Benefit ............................................................................................................................................... #i�?,�,� <br />Net PV Benefit/ $1,920,715.18 PV Refunded Debt Service ............................................................................................ �_�1�5i <br />BOND STATISTICS <br />AverageLife ........................................................................................................................................:.......:.................... 4.628 Years <br />AverageCoupon ..............................................................................,...................................,........................................... 2.3$5420590 <br />NetInterestCost (NIC) .................................................................................................................................................... 2.5420810% <br />TrueInterestCost (TIC) . .................................................................................................................................................. 2.5417495% <br />I�fi� estimated savir{gs resu/ts oP fherrefuncirng are subject to market cottdition� <br />r�r�xe�za � Ru�nas�zs � rr�r � x�s4rnr <br />�,f'J{Zt+l{'�CT'1"� <br />�4aw r a�.yi6� So�r <br />Page 6 <br />