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Attachr 7.B. - Page 14
<br /> City of Redwood City
<br /> 2013 Refunding Lease
<br /> Debt Service Comparison & Savings Report
<br /> City of Redwood City
<br /> PFA Refunding Lease-BBVA Compass Proposal
<br /> Preliminary Debt Service Schedule
<br /> Prior Bonds Bond
<br /> Payment Date Principal Coupon Interest Period Total Bond Year Total Debt 5ervice Year Savinqs
<br /> 7/15/13 - - - 878,811.25 878,811.25
<br /> 1/15/14 324,825 1.51% 31,710.00 356,535.00
<br /> 7/15/14 327,259 1.51% 22,915.57 350,174.57 706,7p9.57 983,550A0 276,850.43
<br /> 1/15/15 329,711 1.51% 20,444.77 350,155.77
<br /> 7/15/15 332,182 1.51% 17,955.45 350,137.45 700,293.21 982,970.00 282,676.79
<br /> 1/15/16 334,671 1.51% 15,447.47 350,118.47
<br /> 7/15/16 337,179 1.51% 12,920.71 350,099.71 700,218.18 984,570.00 284,351.82
<br /> 1/15/17 339,706 1.51% 1 d,375.01 350,081.01
<br /> 7/15/17 342,251 1.51% 7,810.23 350,061.23 70�,142.23 984,770.00 284,627.77
<br /> 1/15/18 344,816 1.51% 5,226.23 350,042.23
<br /> 7/15/18 347,400 1.51% 2,622.87 350,022.87 70Q,065.10 981,125.00 281,D59.90
<br /> 3,360,000 147,428.34 3,507,428.30 3,507,428.30 5,795,806.25 2,2$5,377.95
<br /> Accrued 0.00 0.00
<br /> Total Debt Seroice 147,428.30 3,507,428.30
<br /> NIC 1.51000% using 100.00°/a
<br /> TIC 1.50969% using 100.00%
<br /> Bond Yield 1.50969°/a using 100.00%
<br /> All-In TIC 2.37308% using 97.61%
<br /> A�erage Rate 1.51000%
<br /> Average Life 3.0519 years
<br /> 8086 Av. Life 3.0519 years
<br /> Dated 5/36/13
<br /> Delivery 5/36/13
<br /> Gross Savings 2,288,377.95
<br /> Gross NPV Savings 2,211,548.17
<br /> Less DSRF Contribution (1,075,355.00)
<br /> Less Debt Service Contributed (878,81 1.25)
<br /> Plus New DSRF -
<br /> Adjusted Gross Savings 257,381.92 or 7.66% of Refunding Bonds
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