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<br />City of Lino Lakes, Minnesota <br /> <br /> <br />$7,169,000* General Obligation Bonds, Series 2018A <br /> <br />The Bonds will bear interest on February 1 and August 1 of each year, commencing August 1, 2019, and <br />will mature February 1 in the years and amounts* as follows: <br /> <br />2020 $110,000 <br />2021 $419,000 <br />2022 $435,000 <br />2023 $445,000 <br />2024 $460,000 <br />2025 $470,000 <br />2026 $490,000 <br />2027 $505,000 <br />2028 $520,000 <br />2029 $535,000 <br />2030 $520,000 <br />2031 $535,000 <br />2032 $555,000 <br />2033 $575,000 <br />2034 $595,000 <br />The City may elect on February 1, 2028, and on any day thereafter, to redeem Bonds due on or after <br />February 1, 2029 at a price of par plus accrued interest. <br /> <br />* The City reserves the right, after proposals are opened and prior to award, to (i) increase or reduce the principal <br />amount of the February 1, 2021 maturity in multiples of $1,000; and (ii) increase or reduce the principal amount <br />of the February 1, 2020 and February 1, 2022 thro ugh February 1, 2034 maturities in multiples of $5,000. In <br />the event the amount of any maturity is modified, the aggregate purchase price will be adjusted to result in the <br />same gross spread per $1,000 of Bonds as that of the original proposal. Gross spre ad for this purpose is the <br />differential between the price paid to the City for the new issue and the prices at which the proposal indicates the <br />securities will be initially offered to the investing public. <br />