04-27-2020 Council Packet - Laserfiche WebLink

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B-1 EXHIBIT B FORM OF PRICING COMMITTEE CERTIFICATE $__________ City of Lino Lakes, Minnesota General Obligation Utility Revenue Bonds Series 2020A CERTIFICATE OF PRICING COMMITTEE ________________, 2020 On behalf of the City of Lino Lakes, Minnesota (the “City”), the undersigned hereby certify in connection with the issuance and sale of the General Obligation Utility Revenue Bonds, Series 2020A (the “Bonds”), in the original aggregate principal amount of $__________, as follows: 1. Authorization. Pursuant to a resolution adopted by the City Council of the City on April 27, 2020 (the “Resolution”), the City established a pricing committee consisting of the Mayor and the City Administrator (the “Pricing Committee”). The Pricing Committee was authorized to set a new date for the sale of the Bonds, to act as the authorized representatives of the City with respect to the sale of the Bonds, to make such determinations, approvals, authorizations, and consents, and to take such other actions on behalf of the City as provided in the Resolution, with the advice of Baker Tilly Municipal Advisors, LLC, the City’s municipal advisor. Such authorization has not been revoked, withdrawn, or otherwise modified. 2. Duties. The Pricing Committee is to participate in the pricing of the Bonds and approve the terms of the Bonds. The Bonds are to be awarded by the Pricing Committee on behalf of the City, based on the conformity of the proposals with the parameters and terms set forth in Section 4 of the Resolution. 3. Sale Date. The Pricing Committee established the sale date of ________, 2020. 4. Award and Terms. [IF A PUBLIC SALE: The bids received by the City are set forth in ATTACHMENT A attached hereto and are in accordance with the Terms of Proposal]. In accordance with applicable terms of the Resolution, the Pricing Committee has approved the sale of the Bonds to ____________________ (the “Purchaser”) at a purchase price of $_________________ (par amount of $____________, [plus original issue premium of $________,] [less original issue discount of $_________,] less an underwriter’s discount of $__________). The Pricing Committee has agreed with the Purchaser to the following terms of the Bonds: (a) The original aggregate principal amount of the Bonds is $__________, which is equal to or less than the maximum of $5,000,000. (b) The Bonds shall be payable on the dates, in the amounts, and at the rates set forth in ATTACHMENT B attached hereto. (c) The true interest cost of the Bonds is __________%, which is equal to or less than 4.00%.