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$11,985,000 |
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City of Lawrence, Kansas |
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General
Obligation New Money and Refunding Bonds, Series 2008A |
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New Money and Refunding Summary |
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Dated 10/01/2008 | Delivered 10/01/2008 |
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Series 2008A |
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Series 2008 Ref 2000D |
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Series 2008 Ref 2000F |
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Issue Summary |
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Sources Of Funds |
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Par Amount of
Bonds..................................................................................................................................................................................... |
$3,770,000.00 |
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$2,030,000.00 |
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$6,185,000.00 |
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$11,985,000.00 |
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Total
Sources........................................................................................................................................................................................... |
$3,770,000.00 |
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$2,030,000.00 |
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$6,185,000.00 |
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$11,985,000.00 |
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Uses Of Funds |
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Deposit to Crossover
Escrow Fund........................................................................................................................................................................ |
- |
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2,003,403.03 |
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6,092,926.46 |
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8,096,329.49 |
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Deposit to Project
Construction Fund.................................................................................................................................................................... |
3,725,077.00 |
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- |
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- |
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3,725,077.00 |
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Total Underwriter's
Discount
(0.825%).................................................................................................................................................................. |
31,102.50 |
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16,747.50 |
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51,026.25 |
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98,876.25 |
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Costs of
Issuance....................................................................................................................................................................................... |
10,136.70 |
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12,395.30 |
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37,766.00 |
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60,298.00 |
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Rounding
Amount......................................................................................................................................................................................... |
3,683.80 |
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(2,545.83) |
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3,281.29 |
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4,419.26 |
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Total
Uses.............................................................................................................................................................................................. |
$3,770,000.00 |
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$2,030,000.00 |
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$6,185,000.00 |
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$11,985,000.00 |
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Flow of Funds Detail |
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State and Local
Government Series (SLGS) rates for...................................................................................................................................................... |
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8/26/2008 |
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8/26/2008 |
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Date of OMP
Candidates.................................................................................................................................................................................. |
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Primary Purpose Fund
Solution Method.................................................................................................................................................................... |
Net Funded |
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Net Funded |
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Net Funded |
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Net Funded |
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Total Cost of
Investments............................................................................................................................................................................... |
$3,725,077.00 |
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$2,003,403.03 |
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$6,092,926.46 |
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$11,821,406.49 |
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Interest Earnings @
2.272%.............................................................................................................................................................................. |
- |
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86,197.18 |
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262,136.87 |
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348,334.05 |
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Total
Draws............................................................................................................................................................................................. |
$3,725,077.00 |
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$2,089,600.21 |
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$6,355,063.33 |
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$12,169,740.54 |
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PV Analysis Summary
(Net to Net) |
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Net PV Cashflow Savings
@ 3.475%(Bond Yield)........................................................................................................................................................... |
- |
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90,175.36 |
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281,774.59 |
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- |
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Contingency or Rounding
Amount.......................................................................................................................................................................... |
- |
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(2,545.83) |
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3,281.29 |
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- |
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Net Present Value
Benefit............................................................................................................................................................................... |
- |
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$87,629.53 |
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$285,055.88 |
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- |
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Net PV Benefit / -
Refunded Principal......................................................................................................................................................... |
- |
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4.471% |
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4.783% |
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- |
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Net PV Benefit / -
Refunding Principal........................................................................................................................................................ |
- |
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4.317% |
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4.609% |
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- |
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Bond Statistics |
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Average
Life............................................................................................................................................................................................ |
6.756 Years |
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7.690 Years |
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7.701 Years |
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7.402 Years |
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Average
Coupon.......................................................................................................................................................................................... |
3.4643154% |
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3.5098236% |
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3.5119682% |
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3.4979087% |
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Net Interest Cost
(NIC)................................................................................................................................................................................. |
3.5864257% |
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3.6171049% |
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3.6190996% |
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3.6093672% |
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Bond Yield for Arbitrage
Purposes....................................................................................................................................................................... |
3.4750106% |
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3.4750106% |
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3.4750106% |
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3.4750106% |
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True Interest Cost
(TIC)................................................................................................................................................................................ |
3.5796269% |
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3.6135545% |
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3.6155098% |
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3.6048251% |
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All Inclusive Cost
(AIC)................................................................................................................................................................................ |
3.6261026% |
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3.7070741% |
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3.7089275% |
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3.6846962% |
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Series 2008A | Issue Summary |
8/26/2008 | 9:02 AM |
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