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$1,600,000 <br />City of Lino Lakes, Minnesota <br />General Obligation Tax Abatement Refunding Bonds, Series 2016C <br />Current Refunding of 2006C Bonds <br />Refunding Summary <br />Dated 11/23/2016 I Delivered 11/23/2016 <br />Sources Of Funds <br />Par Amount of Bonds $1,600,000.00 <br />Total Sources $1,600,000.00 <br />Uses Of Funds <br />Deposit to Current Refunding Fund 1,565,000.00 <br />Costs of Issuance 22,400.00 <br />Total Underwriter's Discount (0.600%) 9,600.00 <br />Rounding Amount 3,000.00 <br />Total Uses $1,600,000.00 <br />Flow of Funds Detail <br />State and Local Government Series (SLGS) rates for <br />Date of OMP Candidates <br />Current Refunding Escrow Solution Method Gross Funded <br />Total Cost of Investments $1,565,000.00 <br />Total Draws $1,565,000.00 <br />Issues Refunded And Call Dates <br />Series 2006C 2/01/2017 <br />PV Analysis Summary (Net to Net) <br />Net PV Cashflow Savings @ 1.292%(Bond Yield) 130,833.20 <br />Contingency or Rounding Amount 3,000.00 <br />Net Present Value Benefit $133,833.20 <br />Net PV Benefit / $1,565,000 Refunded Principal 8.552% <br />Net PV Benefit / $1,600,000 Refunding Principal 8.365% <br />Bond Statistics <br />Average Life 3.861 Years <br />Average Coupon 1.2938641% <br />Net Interest Cost (NIC) 1.4492737% <br />Bond Yield for Arbitrage Purposes 1.2922540% <br />True Interest Cost (11C) 1.4532749% <br />All Inclusive Cost (AIC) 1.8341100% <br />2016C GO Tax Abatement Re 1 Current Refunding of 2006 1 9/22/2016 1 9:42 AM <br />Springsted <br />Page 15 <br />