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A009 - Debt Service Comparison
Nov13-2001 02 :21 pm From-EVENSEN DODGE.. 6123713763 T-556 P. 006/008 F-259 cl I City of Ames, Iowa $3,845,000 General 0*ation Refunding bonds, (Series 2001. Current Qcfiifldin,� ** Market. @ 10/t8/01 ** ..(Scale = MMD "Aaa" DEBT SERVICE COMPARISON Date Total P+I Net New D/S Old Net D/S Savings FISCAL TOTAL 12/06/2001 - (45,085.65) 45,085,65 6/01/2002 857,587.50 857,587.50 849,417.50 (8,170.00) 36,915.65 12/01/2002 47,587.50 47,587.50 75,920,00 28,332,50 6/01/2003 847,587.50 847,587.50 840,920.00 (6,667,50) 21,665.00 12/01/2003 35,587.50 35,587.50 56,795.00 21,207.50 6/01/2004 835,587,50 835,587.50 836,795,00 1,207.50 22,415M 12/01/2004 23,587.50 23,587.50 37,295.00 13,707.50 - 6/01/2005 408,587.50 408,587.50 417,295.00 8,707.50 22,415.00 12/01/2005 17,812.50 17,812,50 27,795.00 9,982.50 6/01/2006 382,812.50 382,812.50 397,795.00 14,982.50 24,965.00 12/01/2006 12,155.00 12,155.00 18,360.00 6,205.00 6/01/2007 367,155.00 367,155.00 383,360.00 16,205.00 22,410.00 12/01/2007 6,120.00 6,120.00 9,052.50 2,932.50 - 6/01/2008 346,120.00 346,120.00 364,052.50 17,932,50 20,865.00 Total 4,188,287,50 4,143,201.85 4,314,952.50 171,650,65 PRESENT VALUE ANALYSIS SUM AARY (NET TO NET) Gross PV Debt Service Savings ....................... ........ ............ ................. ....... ........... ................ ....... 11 1,294A5 Not PV Casliflow Savings @ 3.386% (AIC).............................................................................................. 111,294.45 Accrued Interest Credit to Debt Service Fund.. ......................................... ................................. ........... _ 1,599.65 Contingency or Rounding Amount. ........................... ............... ........................ ............................ _ 43,486.00 NET PRESENT VALUE BENEFIT .... .................... .................. ........ 11 .......... I__ ........ I ........ _ ...... $156,380.10 NET PV BENEFIT / $3,770,000 REFUNDED PRINCIPAL .. ......... ......... ........................... 4.148% NET PV BENEFIT / $3,845,000 REFUNDING PRINCIPAL ............ .......... _ ............................ _ 4.067% Prepared by Evensen Dodge, Inc. Page I File = city of ames.sf-Firritl - Confirmation -Current Rcfbnding 11/13/2001 12:36 PM