Fort Walton Beach Council agenda — 04-23-13--regular — reading text

Page 3 SUMMARYSUMMARY OFOF REFUNDINGREFUNDING RESULTSRESULTS CityCity ofof FortFort Walton Walton BeachBeach - - Capital Capital ImprovementImprovement Capital Capital Improvement Improvement RevenueRevenue Note,Note, SeriesSeries 20132013 FinalFinal NumbersNumbers LoanLoan Provider:Provider: PinnaclePinnacle PublicPublic FinanceFinance Rate:Rate: 2.2. 30% 30% DatedDated DaleDale 05/05/ 06/06/ 20132013 05/05/ 06/06/ 20132013 DeliveryDelivery DateDate ArbitrageArbitrage yieldyield 2.2. 299708% 299708% EscrowEscrow yieldyield BondBond ParPar AmountAmount 4,4, 470,470, 610.610. 0000 TrueTrue InterestInterest CostCost 2299708% Net Interest Cast 2. 300000% Average Coupon 2. 300000% Average Life 10. 299 Paramount of refunded bands 4, 470, 000. 00 Average coupon of refunded bonds 4. 976092% Average life of refunded bonds 10. 574 5, 631, 094. 80 PV of prior debt to 0510612013 @ 2. 299708% Net PV Savings 1, 031, 302. 51 Percentage savings of refunded bonds 23, 071645% Percentage savings of refunding bands 23. 068496% P ket Pg.: 134  F11 .2.c Apr 5, 2013 3: 07 pm Prepared by DEC Finance ( Finance 7. 003 Fort Walton Beach: CAP IMP -2001 BLRF, 2001 BLRF) Page 4 SUMMARY OF BONDS REFUNDED City of Fort Walton Beach - Capital Improvement Capital Improvement Revenue Note, Series 2013 Final Numbers Loan Provider: Pinnacle Public Finance Rate. 2. 30% Maturity Interest Par Call Call Bond Dale Rate Amount Dale Price Series 2001, 2001: SERIAL 07/ 01/ 2013 4. 400% 150,000. 00 05/ 07/ 2013 100. 000 07/ 01/ 2014 4. 500% 155, 000. 00 05107/ 2013 100. 000 07101/ 2015 4. 600% 165, 000. 00 05/07/ 2013 100. 000 07/ 01/ 2016 4. 700% 170, 000. 00 05/ 07/ 2013 lm000 07/ 01/ 2017 4. 750% 180, 000. 00 05/ 07/ 2013 100. 000 TERM 21 07/ 01/ 2021 4. 900% 800, 000. 00 05/ 07/ 2013 100. 000 TERM 26 07/ 01/ 2026 5. 000% 1, 250, 000. 00 05/ 07/ 2013 100. 000 TERM 31 07/ 01/ 2031 5. 000% 1, 600, 000. 00 05107/ 2013 100. 000 4, 470, 000.00 QtbSQtbS Pg.Pg. 135135  F11 2. Apr 5, 2013 3: 07 pm Prepared by DBC Finance ( Finance 7.003 Fort Walton Beach :CAP_ IMP- 2001BLRF, 2001BLRF) Page 5 SAVINGS oN City of Fort Walton Beach - Capital Improvement 0m Capital Improvement Revenue Note, Series 2013 Final Numbers Mm Loan Provider: Pinnacle Public Finance v; Rate: 2. 30% Oc0 m Present Value Annual to 0510612013 Prior Refunding Savings @ 2. 2997083% Date Debt Service Debt Service Savings uEN 259,702. 50 259, 702. 50 258, 796. 84 0/ 01/ 2013 259, 702. 50 39, 281. 26 38, 699. 29 67, 121. 24 01110112014 106, 402. 50 261, 402. 50 239, 071. 02 22, 331. 48 61, 612. 74 21, 750. 53 0, E 07101/ 2014 53, 661. 06 51, 670.93 a 01/ 0112015 102, 9150 49, 253. 94 7, 952. 06 61, 613. 12 7, 570. 10 07101/ 2015 267, 915. 00 259, 962.94 0110112016 99, 120. 00 46, 830. 78 52, 289. 22 U 269, 120. 00 259, 796. 78 9, 32122 61, 612. 44 07101/ 2016 46, 677. 22 01/ 0112017 95, 125. 00 44,381. 67 50, 743. 33 10, 869. 33 61, 612. 66 9, 884. 70 b 275, 125. 00 264, 255. 67 07/ 01/ 2017 44, 051. 83 0110112018 90, 850. 00 41, 853. 12 48, 996. 88 61, 612. 76 11, 213. 67 07/ 0112018 275, 850. 00 263, 234. 12 39, 307. 24 12, 615. 88 47, 01026 41, 310. 23 mOf 01/ 01/ 2019 86, 317. 50 14, 602. 26 61, 612. 52 12, 685. 86 07/ 01/ 2019 281, 317. 50 266, 71524 38, 519. 18 n 01101/ 2020 81, 540. 00 36, 692. 05 44, 847. 95 07/ 01/ 2020 286, 540. 00 269, 775.05 16, 764. 95 61, 612. 90 14, 235. 46 35, 682. 32 H 01/ 01/ 2021 76, 517. 50 34, 011. 60 42, 505. 90 19, 106. 90 61, 612, 80 15, 85729 N 07/0112021 291, 517. 50 272410. 60 39,979. 99 32, 80119 71, 250. 00 31, 270. 01 01/ 01/ 2022