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426203v1 SJB LN140 -110 B -1 EXHIBIT B FORM OF BOND No. R -_____ UNITED STATES OF AMERICA $__________ STATE OF MINNESOTA COUNTY OF ANOKA CITY OF LINO LAKES TAXABLE GENERAL OBLIGATION IMPROVEMENT BOND SERIES 2013A Rate Maturity Date of Original Issue CUSIP % February 1, 20__ July 15 , 2013 Registered Owner: Cede & Co. The City of Lino Lakes , Minnesota, a duly organized and existing municipal corporation in Anoka County, Minnesota (the “City”), acknowledges itself to be indebted and for value rece ived promises to pay to the Registered Owner specified above or registered assigns, the principal sum of $_______ on the maturity date specified above, with interest thereon from the date hereof at the annual rate specified above, payable February 1 and Au gust 1 in each year, commencing February 1, 2014 , to the person in whose name this Bond is registered at the close of business on the fifteenth day (whether or not a business day) of the immediately preceding month. The interest hereon and, upon presentat ion and surrender hereof, the principal hereof are payable in lawful money of the United States of America by check or draft by U .S . Bank National Association, St. Paul, Minnesota, as Bond Registrar, Paying Agent, Transfer Agent and Authenticating Agent, o r its designated successor under the Resolution described herein. For the prompt and full payment of such principal and interest as the same respectively become due, the full faith and credit and taxing powers of the City have been and are hereby irrevoca bly pledged. This Bond is not subject to redemption prior to maturity. This Bond is one of an issue in the aggregate principal amount of $_______ all of like original issue date and tenor, except as to number, maturity date, and interest rate, all issue d pursuant to a resolution adopted by the City Council on June 24 , 2013 (the “Resolution”), for the purpose of providing money to defray the expenses incurred and to be incurred in making local improvements, pursuant to and in full conformity with the home rule charter of the City and the Constitution and laws of the State of Minnesota, including Minnesota Statutes, Chapters 429 and 475, as amended, and the principal hereof and interest hereon are payable from special assessments against property specially benefited by local improvements and ad valorem taxes , as set forth in the Resolution to which reference is made for a full statement of rights and powers thereby conferred. The full faith and credit of the City are irrevocably pledged for payment of this Bond and the City Council has obligated itself to levy additional ad valorem taxes on all taxable property in the City in the event of any deficiency in special assessments and taxes , which additional taxes may be levied without limitation as to rate or am ount. The Bonds of this series are issued only as fully registered Bonds in denominations of $5,000 or any integral multiple thereof of single maturities.