Resolutions-2015-083 (2)

4, 430,000 City of Tiffin, Iowa General Obligation Annual Appropriation Corporate Purpose Bonds, Series 2015A Final Debt Service Schedule Date Principal Coupon Interest Total P+ I Fiscal Total 07/ 29/ 2015 12/ 01/ 2015 45, 033. 00 45, 033. 00 06/ 01/ 2016 265, 000. 00 2. 000% 59, 602. 50 324, 602. 50 369, 635. 50 12/ 01/ 2016 56, 952. 50 56, 952. 50 06/ 01/ 2017 305, 000. 00 2. 000% 56, 952. 50 361, 952. 50 418, 905. 00 12/ 01/ 2017 53, 902. 50 53, 902. 50 06/ 01/ 2018 310, 000. 00 2. 000% 53, 902. 50 363, 902. 50 417, 805. 00 12/ 01/ 2018 50, 802. 50 50, 802. 50 06/ 01/ 2019 315, 000. 00 2. 100% 50, 802. 50 365, 802. 50 416, 605. 00 12/ 01/ 2019 47, 495. 00 47, 495. 00 06/ 01/ 2020 325, 000. 00 2. 300% 47, 495. 00 372, 495. 00 419, 990. 00 12/ 01/ 2020 43, 757. 50 43, 757. 50 06/ 01/ 2021 330, 000. 00 2. 500% 43, 757. 50 373, 757. 50 417, 515. 00 12/ 01/ 2021 39, 632. 50 39, 632. 50 06/ 01/ 2022 340, 000. 00 2. 600% 39, 632. 50 379, 632. 50 419, 265. 00 12/ 01/ 2022 35, 212. 50 35, 212. 50 06/ 01/ 2023 345, 000. 00 2. 800% 35, 212. 50 380, 212. 50 415, 425. 00 12/ 01/ 2023 30, 382. 50 30, 382. 50 06/ 01/ 2024 355, 000. 00 3. 000% 30, 382. 50 385, 382. 50 415, 765. 00 12/ 01/ 2024 25, 057. 50 25, 057. 50 06/ 01/ 2025 365, 000. 00 3, 100% 25, 057. 50 390, 057. 50 415, 115. 00 12/ 01/ 2025 19, 400. 00 19, 400. 00 06/ 01/ 2026 380, 000. 00 3. 200% 19, 400. 00 399, 400. 00 418, 800. 00 12/ 01/ 2026 13, 320. 00 13, 320. 00 06/ 01/ 2027 390, 000. 00 3. 300% 13, 320. 00 403, 320. 00 416, 640. 00 12/ 01/ 2027 6, 885. 00 61885. 00 06/ 01/ 2028 405, 000. 00 3. 400% 6, 885. 00 411, 885. 00 418, 770. 00 Total $ 4, 430, 000. 00 $ 950,235.50 $ 5, 380,235. 50 Date And Term Structure Dated 7/7/ 15/15/ 20152015 Delivery Delivery Date Date 7/7/ 29/29/ 20152015 First First Coupon Coupon Date Date 12/ 01/ 2015 First First available available call call date date 6/ 01/ 2021 CallCall Price Price 100.100. 0000000% 0000000% Accrued Interest from 07/ 15/ 2015 to 07/ 29/ 2015 4,4, 635. 635. 75 75 Yield Statistics Bond Year Dollars$ 32, 066. 28 Average Life _ — 7. 238 Years Average Coupon 2. 9633483% Net Interest Cost (NIC) 3. 1777358% True Interest Cost ( TIC) 3. 1777822% All Inclusive Cost ( AIC) 3. 2442600% IRS Form 8038 Net Interest Cost 2. 9274353% WPioht" O--. AAan—; n,.. __ _. ____ __ 711n ve.—