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City of Orono, MN <br />$1,000,000 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 <br />Principal <br />Coupon <br />Interest <br />Total P+I <br />02/01/2017 <br />- <br />- <br />- <br />- <br />02/01/2018 <br />95,000.00 <br />0.800% <br />16,062.08 <br />111,062.08 <br />02/01/2019 <br />95,000.00 <br />0.950% <br />13,007.50 <br />108,007.50 <br />02/01/2020 <br />95,000.00 <br />1.100% <br />12,105.00 <br />107,105.00 <br />02/01/2021 <br />100,000.00 <br />1.250% <br />11,060.00 <br />111,060.00 <br />02/01/2022 <br />100,000.00 <br />1.350% <br />9,810.00 <br />109,810.00 <br />02/01/2023 <br />100,000.00 <br />1.450% <br />8,460.00 <br />108,460.00 <br />02/01/2024 <br />100,000.00 <br />1.550% <br />7,010.00 <br />107,010.00 <br />02/01/2025 <br />105,000.00 <br />1.650% <br />5,460.00 <br />110,460.00 <br />02/01/2026 <br />105,000.00 <br />1.750% <br />3,727.50 <br />108,727.50 <br />02/01/2027 <br />105,000.00 <br />1.800% <br />1,890.00 <br />106,890.00 <br />Total $1,000,000.00 <br />- <br />$88,592.08 <br />$1,088,592.08 <br />Yield Statistics <br />Bond Year Dollars <br />$5,771.67 <br />Average Life <br />5.772 Years <br />Average Coupon <br />1.5349480% <br />Net Interest Cost (NIC) <br />1.7428602% <br />True Interest Cost (TIC) <br />1.7514986% <br />Bond Yield for Arbitrage Purposes <br />1.5300596% <br />All Inclusive Cost (AIC) <br />2.3312732% <br />IRS Form 8038 <br />Net Interest Cost <br />1.5349480% <br />Weighted Average Maturity <br />5.772 Years <br />Orono - Road Projects 10 1 SINGLE PURPOSE 1 8/15/2016 1 6:59 PM <br />19 EHLERS <br />LEADERIN PUBLIC FINANCE <br />Orono Budget - 2817 <br />Page 2 <br />Attachment D <br />