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City of Orono, Minnesota
<br />$16,000,000 General Obligation CIP Bonds, Series 2022A
<br />Assumes Current Market Non-BQ Aaa Rates plus 50bps
<br />Estimated Sources & Uses
<br /> Dated 02/01/2022 | Delivered 02/01/2022
<br />Sources Of Funds
<br />Par Amount of Bonds $16,000,000.00
<br />Total Sources $16,000,000.00
<br />Uses Of Funds
<br />Total Underwriter's Discount Allowance (1.00%) 160,000.00
<br />Estimated Costs of Issuance 99,000.00
<br />Deposit to Project Construction Fund 15,741,000.00
<br />Total Use s $16,000,000.00
<br />Estimated Debt Service Schedule - 25 years
<br />Date Principal Coupon Interest Total P+I 105% Levy
<br />02/01/2022 - - - --
<br />02/01/2023 - -393,612.50 393,612.50 -
<br />02/01/2024 495,000.00 0.900% 393,612.50 888,612.50 933,043.13
<br />02/01/2025 500,000.00 1.100% 389,157.50 889,157.50 933,615.38
<br />02/01/2026 505,000.00 1.450% 383,657.50 888,657.50 933,090.38
<br />02/01/2027 515,000.00 1.550% 376,335.00 891,335.00 935,901.75
<br />02/01/2028 525,000.00 1.750% 368,352.50 893,352.50 938,020.13
<br />02/01/2029 530,000.00 1.850% 359,165.00 889,165.00 933,623.25
<br />02/01/2030 540,000.00 2.000% 349,360.00 889,360.00 933,828.00
<br />02/01/2031 550,000.00 2.200% 338,560.00 888,560.00 932,988.00
<br />02/01/2032 565,000.00 2.250% 326,460.00 891,460.00 936,033.00
<br />02/01/2033 575,000.00 2.300% 313,747.50 888,747.50 933,184.88
<br />02/01/2034 590,000.00 2.350% 300,522.50 890,522.50 935,048.63
<br />02/01/2035 605,000.00 2.400% 286,657.50 891,657.50 936,240.38
<br />02/01/2036 620,000.00 2.450% 272,137.50 892,137.50 936,744.38
<br />02/01/2037 635,000.00 2.500% 256,947.50 891,947.50 936,544.88
<br />02/01/2038 650,000.00 2.600% 241,072.50 891,072.50 935,626.13
<br />02/01/2039 665,000.00 2.700% 224,172.50 889,172.50 933,631.13
<br />02/01/2040 685,000.00 2.800% 206,217.50 891,217.50 935,778.38
<br />02/01/2041 705,000.00 2.850% 187,037.50 892,037.50 936,639.38
<br />02/01/2042 725,000.00 2.900% 166,945.00 891,945.00 936,542.25
<br />02/01/2043 745,000.00 2.950% 145,920.00 890,920.00 935,466.00
<br />02/01/2044 765,000.00 3.000% 123,942.50 888,942.50 933,389.63
<br />02/01/2045 790,000.00 3.000% 100,992.50 890,992.50 935,542.13
<br />02/01/2046 815,000.00 3.050% 77,292.50 892,292.50 936,907.13
<br />02/01/2047 840,000.00 3.050% 52,435.00 892,435.00 937,056.75
<br />02/01/2048 865,000.00 3.100% 26,815.00 891,815.00 936,405.75
<br />Total $16,000,000.00 - $6,661,127.50 $22,661,127.50 $23,794,183.88
<br />Average Annual Levy:$935,235.63
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