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City of Orono, MN <br />$1,500,000 G.O. Bonds, Series 2016 <br />Assumes Current Market "AAA" Rates plus 25 bps <br />Street improvements - 10 Years <br />Debt Service Schedule <br />Date Principal Coupon Interest Total P+I <br />02/01/2017 <br />- <br />- <br />- <br />- <br />02/01 /2018 <br />140,000.00 <br />0.800% <br />24,100.42 <br />164,100.42 <br />02/01/2019 <br />145,000.00 <br />0.950% <br />19,537.50 <br />164,537.50 <br />02/01/2020 <br />145,000.00 <br />1.100% <br />18,160.00 <br />163,160.00 <br />02/01/2021 <br />145,000.00 <br />1.250% <br />16,565.00 <br />161,565.00 <br />02/01/2022 <br />150,000.00 <br />1.350% <br />14,752.50 <br />164,752.50 <br />02/01/2023 <br />150,000.00 <br />1.450% <br />12,727.50 <br />162,727.50 <br />02/01/2024 <br />155,000.00 <br />1.550% <br />10,552.50 <br />165,552.50 <br />02/01/2025 <br />155,000.00 <br />1.650% <br />8,150.00 <br />163,150.00 <br />02/01/2026 <br />155,000.00 <br />1.750% <br />5,592.50 <br />160,592.50 <br />02/01/2027 <br />160,000.00 <br />1.800% <br />2,880.00 <br />162,880.00 <br />Total $1,500,000.00 - $133,017.92 $1,633,017.92 <br />Yield Statistics <br />Bond Year Dollars $8,665.00 <br />Average Life 5.777 Years <br />Average Coupon 1.5351174% <br />Net Interest Cost (NIC) <br />1.7428496% <br />True Interest Cost (TIC) <br />1.7514804% <br />Bond Yield for Arbitrage Purposes <br />1.5302266% <br />All Inclusive Cost (AIC) <br />2.1795975% <br />IRS Form 8038 <br />Net Interest Cost <br />1.5351174% <br />Weighted Average Maturity <br />5.777 Years <br />Orono - Road Projects 10 1 SINGLE PURPOSE 1 8/29/2016 1 10:42 AM <br />Sma EHLERS <br />elinSB tLq--?vy Attachment 1- Page 70 590,®M/16 Memo <br />