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• <br />C bakertilly <br />MUNICIPAL ADVISORS <br />$4,800,000" <br />City of Lino Lakes, Minnesota <br />General Obligation Utility Revenue Bonds, Series 2020A <br />S&P Rating: AA+ <br />Sale Date: June 8, 2020 BBI: 2.16% <br />Average Maturity: 7.797 Years <br />Bidder <br />TIC <br />Piper Sandler & Co. <br />Northland Securities, Inc. <br />Robert W. Baird & Co., Incorporated <br />FHN Financial Capital Markets <br />Hilltop Securities Inc. <br />Stifel, Nicolaus & Company, Incorporated <br />1.3889% <br />1.3896% <br />1.3978% <br />1.3986% <br />1.4019% <br />1.4679% <br />Interest Reoffering Reoffering <br />Winning Bidder Information Maturity Rate Yield Price <br />PIPER SANDLER & CO. 2/01/2021 4.00% 0.30% 102.082% <br />Cantor Fitzgerald & Co. 2/01/2022 4.00% 0.35% 105.687% <br />2/01/2023 4.00% 0.40% 109.173% <br />2/01/2024 4.00% 0.50% 112.347% <br />2/01/2025 4.00% 0.60% 115.283% <br />2/01/2026 4.00% 0.75% 117.677% <br />2/01/2027 4.00% 0.85% 120.068% <br />2/01/2028 4.00% 1.00% 121.801% <br />2/01/2029 4.00% 1.10% 123.638% <br />2/01/2030 2.00% 1.20% 106.492% <br />2/01/2031 2.00% 1.30% 105.655% <br />2/01/2032 2.00% 1.40% 104.825% <br />2/01/2033 2.00% 1.50% 104.003% <br />2/01/2034 2.00% 1.55% 103.595% <br />2/01/2035 2.00% 1.60% 103.188% <br />Purchase Price: $5,255,469.60* <br />Net Interest Cost: $547,190.40* <br />TIC: 1.3889%* <br />* Subsequent to bid opening, fhe par amount decreased to $4,330,000; and the price, net interest cost, and tree interest cost have changed to <br />$4,736,328.65, $516,832.46, and 1.4062%, respectively. <br />Page 112 <br />A-2 <br />