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PART III <br />MISCELLANEOUS MATTERS <br />1. Ratings. The City will give its most favorable consideration to proposed tax-exempt <br />bond issues that have the-cameobtained a credit rating as the City's obligations by <br />private placement basis andor private placements. Bonds must be sold in <br />denominations of at least <br />2. Refundings. The City Council <br />project, or (iii) both (i) and (ii). In the case of refunding of bonds for which the <br />administrative fee listed in paragraph 65 of Part II have been paid in full, no new <br />administrative fees are required; but the non-refundable application fee must be paid <br />together with all City expenses in excess of that fee. If any fees related to the initial <br />bond issue have not been paid, such fees must be paid in full prior to closing the <br />refunding bonds. <br />3. Subsequent Proceedings. Where changes to the underlying documents or credit <br />facilities of outstanding bond issues are to be made and require Council action <br />(including changes that are a "deemed reissuance" under Internal Revenue Service <br />regulation), no administrative fee is charged but a non-refundable fee of $2,000 must <br />be deposited with the City to cover administrative costs. No formal application form is <br />required. <br />4. Issue by Another Political Subdivision. The City will consider requests for tax exempt <br />financing of projects in the City by other political subdivisions. In these cases the non- <br />refundable application fee must be paid and all procedures through the approval of the <br />preliminary resolution followed. No administrative fee is charged. At the Council's <br />discretion, all or part of the application may be waived if there are offsetting benefits <br />resulting from this financing. <br />5. City Contact. Initial contacts about tax exempt financing are made by contacting: <br />City Finance Director <br />City of Lino Lakes <br />600 Town Center Parkway <br />Lino Lakes, MN 55014 <br />(651) 982-2410 <br />6. Deadlines. The City Council conducts all tax-exempt financing matters at regularly <br />scheduled City Council meetings held on the second and fourth Mondays of each <br />month. Documents for City Council consideration must be at the City office no later <br />607378v 1 LN 110 121 <br />