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PROPOSAL SALE DATE: JUNE 8, 2020 <br />________________________________ Phone: 651-223-3000 * Preliminary; subject to change. Fax: 651-223-3046 <br />Email: bondservice@bakertilly.com <br /> City of Lino Lakes, Minnesota <br />$4,800,000* General Obligation Utility Revenue Bonds, Series 2020A <br /> <br />For the Bonds of this Issue which shall mature and bear interest at the respective annual rates, as follow, we offer a price of <br />$_________________ (which may not be less than $4,737,600) plus accrued interest, if any, to the date of delivery. <br /> <br /> Year Interest Rate (%) Yield (%) Dollar Price Year Interest Rate (%) Yield (%) Dollar Price <br />2021 % % % 2029 % % % <br />2022 % % % 2030 % % % <br />2023 % % % 2031 % % % <br />2024 % % % 2032 % % % <br />2025 % % % 2033 % % % <br />2026 % % % 2034 % % % <br />2027 % % % 2035 % % % <br />2028 % % % <br /> <br /> Designation of Term Maturities Years of Term Maturities <br /> In making this offer on the sale date of June 8, 2020 we accept all of the terms and conditions of the Terms of Proposal published <br />in the Preliminary Official Statement dated May 19, 2020 including the City’s right to modify the principal amount of the <br />Bonds. (See “Terms of Proposal” herein.) In the event of failure to deliver these Bonds in accordance with said Terms of <br />Proposal, we reserve the right to withdraw our offer, whereupon the deposit accompanying it will be immediately returned. <br />All blank spaces of this offer are intentional 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 <br />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 <br />made the 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 /> ........................................................................................................................................................................................................