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PROPOSAL SALE DATE: October 24, 2016 <br /> <br />________________________________ Phone: 651-223-3000 * Preliminary; subject to change. Fax: 651-223-3046 <br />Email: bond_services@springsted.com <br />Website: www.springsted.com <br /> <br /> <br />City of Lino Lakes, Minnesota <br />$1,420,000* General Obligation Water Utility Revenue Bonds, Series 2016A <br /> <br />For the Series 2016A Bonds of this Issue which shall mature and bear interest at the respective annual rates, as follow, we offer a price of <br />$_________________ (which may not be less than $1,407,930) plus accrued interest, if any, to the date of delivery. <br /> <br /> Year Interest Rate (%) Yield (%) Dollar Price Year Interest Rate (%) Yield (%) Dollar Price <br />2018 % % % 2023 % % % <br />2019 % % % 2024 % % % <br />2020 % % % 2025 % % % <br />2021 % % % 2026 % % % <br />2022 % % % 2027 % % % <br /> <br /> Designation of Term Maturities <br /> <br /> Years of Term Maturities <br /> In making this offer on the sale date of October 24, 2016 we accept all of the terms and conditions of the Terms of Proposal published in <br />the Preliminary Official Statement dated October 7, 2016 including the City’s right to modify the principal amount of the Series 2016A <br />Bonds. (See “Terms of Proposal” herein.) In the event of failure to deliver these Series 2016A Bonds in accordance with said Terms of <br />Proposal, we reserve the right to withdraw our offer, whereupon the deposit accompanying it will be immediately returned. All blank <br />spaces of this offer are intentional and are not to be construed as an omission. <br /> <br />Not as a part of our offer, the above quoted prices being controlling, but only as an aid for the verification of the offer, we have made the <br />following computations: <br /> <br />NET INTEREST COST: $____________________________ <br /> <br />TRUE INTEREST RATE: ______________ % <br /> <br />The Bidder  will not  will purchase municipal bond insurance from . <br /> <br />Account Members <br /> <br />______________________________ <br />Account Manager <br /> <br /> <br />By: ___________________________ <br /> <br /> <br />Phone: ________________________ <br /> ........................................................................................................................................................................................................................... <br />The foregoing proposal has been accepted by the City. <br /> <br />Attest: _______________________________ Date: ________________________________ <br /> <br /> ........................................................................................................................................................................................................................... <br /> <br />