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8.A. - Page 16 Attachment 3
<br /> City of Redwood City
<br /> Refunding Special Tax Bonds, Series 201 2(Pacific Shores)
<br /> Debt Service Schedule
<br /> Prior Bonds Bond
<br /> Pavment Date Principal Cou on Interest Period Total Bond Year Total Debt Service Year Savinqs
<br /> 3/1/12
<br /> 9/1 /1 Z 900,000 1.�0% 85,425.69 985,425.69 985,425.69 1,979,a80.00 993,654.31
<br /> 3/1 /13 68,375.00 68,375.00
<br /> 9/1/13 1,320,000 1.75% 68,375.00 1,388,375.00 1,456,750.00 1,979,580.OQ 522,830.OQ
<br /> 3/1 /14 56,825.00 56,825.00
<br /> 9/1/14 1,340,000 2.25% 56,825.00 1,396,8Z5.Q0 1,453,650.00 1,978,470.00 524,820.00
<br /> 3/1 /1 5 41,750.00 41 ,750.00
<br /> 9/1 /1 5 1,370,000 2.75% 41,750.00 1,41 1,750.00 1,453,500.00 1,981,a62.50 527,562.50
<br /> 3/1 /1 6 22,91 2.50 22,912.50
<br /> 9/1 /1 6 1,41 a,000 3.25% 22,91 2.50 1,432,91 2.50 1,455,825.00 1,976,622.50 52a,797.50
<br /> 3/1 /17 0.00 0.00
<br /> 9/1 /17 0 3.50% 0.00 0.00 Q.00 31 1,81 5.00 31 1,81 5.00
<br /> 6,340,000 465,150.69 6,805,150.69 6,805,150.69 10,206,630.00 3,401,479.31
<br /> Accrued 0.00 0.00
<br /> Total Debt Service 465,1 50.69 6,805,1 50.69
<br /> NIC 2.95358Q/o using 99.20%
<br /> TIC 2.96026% using 99.20%
<br /> Bond Yield 2.65386% using 100.00%
<br /> All-In TIC 3.96757% using 96.63%
<br /> Average Rate 2.6631 9%
<br /> Average Life 2.7549 years
<br /> 8086 Av. Life 2.7549 years
<br /> Dated 1/31/12
<br /> Delivery 1 /31 / 12
<br /> Gross Savings 3,401,479.31
<br /> Gross NPV Savings 3,164,888.64
<br /> Less DSRF Contribution (2,�97,414)
<br /> Less surplus held by City (31 5,000)
<br /> Less Dec Levy Contributed (989,500)
<br /> Plus New DSRF 634,000
<br /> Adjusted Gross Savings 396,974.64 = 6.26% of Refunding Bonds
<br /> = 4.59% of Refunded Bonds
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