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City of Orono, MN
<br />$2,800,000 G.O. Refunding Bonds, Dated: December 1, 2016
<br />Proposed Crossover Refunding of 2008A G.O. Street Reconstruction
<br />Bonds Assuming Current G.O. BQ "Aaa" Market Rates
<br />Debt Service Schedule
<br />Date
<br />Principal
<br />Coupon
<br />Interest
<br />Total P+I
<br />Fiscal Total
<br />12/01/2016
<br />-
<br />-
<br />08/01/2017
<br />-
<br />-
<br />17,808.33
<br />17,808.33
<br />-
<br />02/01/2018
<br />245,000.00
<br />0.650%
<br />13,356.25
<br />258,356.25
<br />276,164.58
<br />08/01/2018
<br />-
<br />0.750%-
<br />12,560.00
<br />12,560.00
<br />-
<br />02/01/2019
<br />495,000.00
<br />12,560.00
<br />507,560.00
<br />520,120.00
<br />08/01/2019
<br />-
<br />-
<br />10,703.75
<br />10,703.75
<br />-
<br />02/01/2020
<br />505,000.00
<br />0.850%
<br />10,703.75
<br />515,703.75
<br />526,407.50
<br />08/01/2020
<br />-
<br />-
<br />8,557.50
<br />8,557.50
<br />-
<br />02/01/2021
<br />515,000.00
<br />1.000%
<br />8,557.50
<br />523,557.50
<br />532,115.00
<br />08/01/2021
<br />-
<br />-
<br />5,982.50
<br />5,982.50
<br />-
<br />02/01/2022
<br />515,000.00
<br />1.100%
<br />5,982.50
<br />520,982.50
<br />526,965.00
<br />08/01/2022
<br />-
<br />-
<br />3,150.00
<br />3,150.00
<br />-
<br />02/01/2023
<br />525,000.00
<br />1.200%
<br />3,150.00
<br />528,150.00
<br />531,300.00
<br />Total
<br />$2,800,000.00
<br />-
<br />$113,072.08
<br />$2,913,072.08
<br />-
<br />Yield Statistics
<br />Bond Year Dollars
<br />$11,001.67
<br />Average Life
<br />3.929 Years
<br />Average Coupon
<br />1.0277723%
<br />Net Interest Cost (NIC) 1.3331805%
<br />True Interest Cost (TIC) 1.3419622%
<br />Bond Yield for Arbitrage Purposes 1.0264686%
<br />All Inclusive Cost (AIC) 1.7241432%
<br />IRS Form 8038
<br />Net Interest Cost Weighted 1.0277723%
<br />Average Maturity 3.929 Years
<br />EHLERS
<br />eli
<br />'roposed XR 2008A GO Stre I SINGLE PURPOSE 1 8/15/2016 1 11:58 AM
<br />Attachment 1- Page 4 9/12/16 Memo - Bonding Information
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