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An Ehlers arbitrage expert will contact the City within 30 days after the sale date to review <br />the City's specific responsibilities for the Bonds. The City is currently receiving arbitrage <br />services from Ehlers in relation to the Bonds. <br />Investment of Bond Proceeds: <br />Ehlers can assist the City in developing a strategy to invest your Bond proceeds until the <br />funds are needed to pay project costs. <br />Risk Factors: <br />Special Assessments: At the direction of staff, we have assumed no prepayment of special <br />assessments, and we have assumed that the remaining assessments will be levied as <br />projected. If the City receives a significant amount of pre -paid assessments or does not levy <br />the assessments, it may need to increase the levy portion of the debt service to make up for <br />lower interest earnings than the expected assessment interest rate. <br />Other Service Providers: <br />This debt issuance will require the engagement of other public finance service providers. This <br />section identifies those other service providers, so Ehlers can coordinate their engagement <br />on your behalf. Where you have previously used a particular firm to provide a service, we have <br />assumed that you will continue that relationship. For services you have not previously <br />required, we have identified a service provider. Fees charged by these service providers will <br />be paid from proceeds of the obligation, unless you notify us that you wish to pay them from <br />other sources. Our pre -sale bond sizing includes a good faith estimate of these fees, but the <br />final fees may vary. If you have any questions pertaining to the identified service providers or <br />their role, or if you would like to use a different service provider for any of the listed services <br />please contact us. <br />Bond Counsel: Kennedy & Graven, Chartered <br />Paying Agent: Bond Trust Services Corporation <br />Rating Agency: S&P Global Ratings (S&P) <br />Summary: <br />The decisions to be made by the City Council are as follows: <br />• Accept or modify the finance assumptions described in this report <br />• Adopt the resolution attached to this report. <br />Presale Report May 12, 2025 <br />City of Lino Lakes, Minnesota Page 4 <br />