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____________________________ * Preliminary; subject to change. - 1 - OFFICIAL STATEMENT CITY OF LINO LAKES, MINNESOTA $1,420,000* GENERAL OBLIGATION WATER UTILITY REVENUE BONDS, SERIES 2016A $1,980,000* TAXABLE GENERAL OBLIGATION IMPROVEMENT REFUNDING BONDS, SERIES 2016B $1,600,000* GENERAL OBLIGATION TAX ABATEMENT REFUNDING BONDS, SERIES 2016C (BOOK ENTRY ONLY) INTRODUCTORY STATEMENT This Official Statement contains certain information relating to the City of Lino Lakes, Minnesota (the “City”) and its issuance of $1,420,000* General Obligation Water Utility Revenue Bonds, Series 2016A (the “Series 2016A Bonds”); $1,980,000* Taxable General Obligation Improvement Refunding Bonds, Series 2016B (the “Series 201B Bonds”); and $1,600,000* General Obligation Tax Abatement Refunding Bonds, Series 2016C (the “Series 2016C Bonds” and, together with the Series 2016A Bonds and the Series 2016B Bonds, the “Bonds”). The Bonds are general obligations of the City for which it pledges its full faith and credit and power to levy direct general ad valorem taxes. Additional sources of security for the Bonds are discussed herein. Inquiries may be directed to Ms. Sarah Cotton, Finance Director, City of Lino Lakes, 600 Town Center Parkway, Lino Lakes, Minnesota 55014, by telephoning (651) 982-2410, or by e-mailing sarah.cotton@ci.lino-lakes.mn.us. Inquiries may also be made to Springsted Incorporated, 380 Jackson Street, Suite 300, St. Paul, Minnesota 55101-2887, by telephoning (651) 223-3000, or by e-mailing bond_services@springsted.com. CONTINUING DISCLOSURE In order to assist the Underwriters in complying with SEC Rule 15c2-12 promulgated by the Securities and Exchange Commission, pursuant to the Securities Exchange Act of 1934, as the same may be amended from time to time, and official interpretations thereof (the “Rule”), pursuant to the resolutions awarding the sale of the Bonds (the “Resolutions”), the City has entered into an undertaking (the “Undertaking”) for the benefit of holders including beneficial owners of the Bonds to provide certain financial information and operating data relating to the City to the Electronic Municipal Market Access system (“EMMA”) annually, and to provide notices of the occurrence of certain events enumerated in the Rule to EMMA or the Municipal Securities Rulemaking Board (the “MSRB”). The specific nature of the Undertaking, as well as the information to be contained in the annual report or the notices of material events, is set forth in the Undertaking to be executed and delivered at the time the Bonds are delivered in substantially the form attached hereto as Appendix II.