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PROPOSAL SALE DATE: November 13, 2018 <br />________________________________ Phone: 651-223-3000 <br />* 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 />$7,169,000* General Obligation Bonds, Series 2018A <br /> <br />For the Bonds of this Issue which shall mature and bear interest at the respective annual rates, as follow, we offer a price of <br />$_________________ (which may not be less than $7,169,000 (Par)) plus accrued interest, if any, to the date of delivery. <br /> <br /> <br />Year <br />Interest <br />Rate (%) <br /> <br />Yield (%) <br />Dollar <br />Price <br /> <br />Year <br />Interest <br />Rate (%) <br /> <br />Yield (%) <br />Dollar <br />Price <br />2020 % % % 2028 % % % <br />2021 % % % 2029 % % % <br />2022 % % % 2030 % % % <br />2023 % % % 2031 % % % <br />2024 % % % 2032 % % % <br />2025 % % % 2033 % % % <br />2026 % % % 2034 % % % <br />2027 % % % <br /> <br /> Designation of Term Maturities <br /> Years of Term Maturities <br /> <br /> <br />In making this offer on the sale date of November 13, 2018 we accept all of the terms and conditions of the Terms of Proposal published in <br />the Preliminary Official Statement dated October 23, 2018 including the City’s right to modify the principal amount of the Bonds. (See <br />“Terms of Proposal” herein.) In the event of failure to deliver these Bonds in accordance with said Terms of Proposal, we reserve the right <br />to withdraw our offer, whereupon the deposit accompanying it will be immediately returned. All blank spaces of this offer are intentional <br />and are not to be construed as an omission. <br /> <br />By submitting this proposal, we confirm that we have an established industry reputation for underwriting municipal bonds such as the Bonds. <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 />Account Manager <br /> <br />By: ___________________________ <br /> <br />Phone: ________________________ <br /> ........................................................................................................................................................................................................................... <br />The foregoing proposal has been accepted by the City. <br /> <br /> <br />Attest: _______________________________ Date: ________________________________ <br /> ...........................................................................................................................................................................................................................