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Fort Walton Beach Council agenda — 02-26-13--regular — reading text
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6. 035, 721911 pt
Maximum Annual Debt Scrvicc 335, 731 92 E
Avcragc Annual Debt Service 330, 72449
3
Underwriter' s Fees ( per $ 1000) a
Avcragc Takedown
Other Fee
mN
Total Underwriter' s Discount
c
m
Bid raga 100. 000000
d
Par Average Aveagc PV of 1 by
Bond Component Value Price Coupon Life change
Bond Component 4, 488, 098. 00 100. 000 3. 250% 10- 610 3, 851. 02
Jm0
m
crey
4,488, 098,( 10 10610 3, 851. 02
c
EE
All -In Arbitrage
TIC TIC Yield
0a
ParValuc 4. 488098. 00 4,488, 098. 00 4, 488, 09800 E
AccruedAccrued InterestInterest
PremiumPremium
( ( Discount)Discount)
Underwriter'Underwriter' ss DiscountDiscount
CostCost ofof IssuanceIssuance ExpcnscExpcnsc 45,45, 000.000. 0000
OtherOther Amounts Amounts
TargetTarget ValueValue 4,4, 488,488, 098.098. 0000 4,4, 443,443, 098.098. 0000 4,4, 488,488, 098.098. 0000
TargetTarget DateDate 04/04/ 01/01/ 20132013 04/04/ 01/01/ 20132013 04/04/ 012013012013
YieldYield 1250377%
1250377% 3.3. 367705%
367705% 3.3. 250377%
250377%
FebFeb 14,14, 20132013 9:9: 5353 amam PreparedPrepared byby TheThe PFMPFM GroupGroup
14. 2. b
SUMMARY OF REFUNDING RESULTS
City of Fort Walton Beach - Capital Improvement
Series 2001 Capital Improvement Bank Loan Refunding
Dated Date 04/ 01/ 2013
Delivery Date 04/ 01/ 2013
Arbitrage yield 3, 250377%
Escrow yield 0.049321 %
Bond Par Amount 4. 488, 098. 00
True Interest Cost 1250377%
Net Iuterest Cast 3 250000%
Average Coupon 3250000
Aver age Life 10 -610
Par amount of, cfa., ded bonds 4, 470, 000. 00
Average coupon ofmfunded bonds 4. 975476%
Average life of refunded bonds 10. 672
PV ) fprior debt 10 04 /012013(,, 3250377% 5, 188, 144. 37
Net PV Savings 600, 196. 07
Percentage savings of refunded bonds 13. 427205%
Percentage savings of refunding bonds 13, 373061%
o
Feb 14, 2013 9: 53 am Prepared by The PFM Group
F14 2.. b
SUMMARY OF BONDS REFUNDED
City of Fort Walton Beach - Capital Improvement
Series 2001 Capital Improvement Bank Loan Refunding
0
Maturity In[ crest Par Cell Coll N
Bond Date Rate Amount Date Price
Series 2001, 2001:
0n
SERIAL 07/ 012013 4. 400% 150, 000. 00 05/ 012013 100. 000
07/ 012014 4. 500% 155, 000. 00 05/ 01/ 2013 100. 000 ain
07/ 012015 4. 600% 165, 000. 00 05/ 61/ 2013 100000 0
m
07/ 012016 4, 700% 170, 000. 00 05, 012013 100. 000
TERM- 21
07/ 01, 2017
07/ 012018
4. 750%
4. 900%,
150, 000. 00
185, 000, 00
05/ 012013
05/ 01/ 2013