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i.► $1,980,000 <br />City of Lino Lakes, Minnesota <br />Taxable General Obligation Improvement Refunding Bonds, Series 2016B <br />Current Refunding of Series 2005A <br />Refunding Summary <br />Dated 11/23/2016 I Delivered 11/23/2016 <br />Sources Of Funds <br />Par Amount of Bonds $1,980,000.00 <br />Total Sources $1,980,000.00 <br />Uses Of Funds <br />Deposit to Current Refunding Fund 1,935,000.00 <br />Costs of Issuance 27,700.00 <br />Total Underwriter's Discount (0.700%) 13,860.00 <br />Rounding Amount 3,440.00 <br />Total Uses $1,980,000.00 <br />ISSUES REFUNDED AND CALL INFORMATION <br />Prior Issue Call Price 100.000% <br />Prior Issue Call Date 2/01/2017 <br />SAVINGS INFORMATION <br />Net Future Value Benefit $135,138.00 <br />Net Resent Value Benefit $130,682.35 <br />Net IN Benefit / $2,107,242.35 IN Refunded Debt Service 6.202% <br />BOND STATISTICS <br />Average Life 2.714 Years <br />Average Coupon 1.4624023% <br />Net Interest Cost (NIC) 1.7203108% <br />True Interest Cost (TIC) 1.7263874% <br />2016B Ref 2005A TAX (Cum ', SLVGLE PURPOSE 1 9 12 2016 10.43 AM <br />Springsted <br />Page 11 <br />