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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 Bonds
<br />Assuming Current G.O. BQ "Aaa" Market Rates
<br />Debt Service Comparison
<br />Date Total P+I Net New D/S Old Net DIS Savings
<br />02/01/2017
<br />-
<br />(1,400.00)
<br />-
<br />1,400.00
<br />02/01/2018
<br />276,164.58
<br />276,164.58
<br />310,727.50
<br />34,562.92
<br />02/01/2019
<br />520,120.00
<br />520,120.00
<br />553,272.50
<br />33,152.50
<br />02/01/2020
<br />526,407.50
<br />526,407.50
<br />561,597.50
<br />35,190.00
<br />02/01/2021
<br />532,115.00
<br />532,115.00
<br />563,895.00
<br />31,780.00
<br />02/01/2022
<br />526,965.00
<br />526,965.00
<br />560,210.00
<br />33,245.00
<br />02/01/2023
<br />531,300.00
<br />531,300.00
<br />565,710.00
<br />34,410.00
<br />Total $2,913,072.08 $2,911,672.08 $3,115,412.50 $203,740.42
<br />PV Analysis Summary (Net to Net)
<br />Gross PV Debt Service Savings ..................... 195,614.02
<br />Net PV Cashflow Savings @ 1.026%(Bond Yield)..... 195,614.02
<br />Contingency or Rounding Amount .................... 1,400.00
<br />Net Present Value Benefit $197,014.02
<br />Net PV Benefit / $2,995,614.02 PV Refunded Debt Service 6.577%
<br />Net PV Benefit / $2,725,000 Refunded Principal... 7.230%
<br />Net PV Benefit / $2,800,000 Refunding Principal.. 7.036%
<br />Refunding Bond Information
<br />Refunding Dated Date 12/01/2016
<br />Refunding Delivery Date 12/01/2016
<br />Proposed XR 2008A GO Stre I SINGLE PURPOSE 1 8/15/2016 1 11:58 AM
<br />EHLERS
<br />E I PUBLIC FINANCE
<br />Attachment D
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