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City of Lino Lakes, Minnesota <br />Recommendations for Issuance of Bonds <br />$2,030,000 General Obligation Bonds, Series 2012A <br />The Council has under consideration the issuance of bonds to (i) fund traffic signal improvements to various street <br />and roads within the City (the "Signal Improvement Portion ") and (ii) refund an outstanding bond issue of the City (the <br />"Refunding Portion "). This document provides information relative to the proposed issuance. <br />KEY EVENTS: The following summary schedule includes the timing of some of the key events that will <br />occur relative to the bond issuance. <br />September 24, 2012 <br />Week of October 15, 2012 <br />October 22, 2012, 11:30 a.m. <br />October 22, 2012, 6:30 p.m. <br />Mid November, 2012 <br />Council sets sale date and terms <br />Rating conference is conducted <br />Competitive proposals are received <br />Council considers award of Bonds <br />Proceeds are received <br />An application will be made to Moody's Investors Service for a rating on the Bonds. The <br />City's general obligation debt is currently rated "Aa2" by Moody's. <br />THE MARKET: Performance of the tax - exempt market is often measured by the Bond Buyer's Index ( "BBI ") <br />which measures the yield of high grade municipal bonds in the 20th year for general <br />obligation bonds (the BBI 20 Bond Index) and the 30th year for revenue bonds (the BBI 25 <br />Bond Index). The following chart illustrates these two indices over the past five years. <br />BBI 25 -bond (Revenue) and 20 -bond (G.O.) Rates for 5 Years <br />Ending 9/1312012 <br />6.5% <br />6.0% <br />5.5% <br />5.0% <br />4.5% <br />4.0% <br />3.5% <br />t) f C t <br />/ <br />• n 3 <br />3/13/20 12 <br />1 b <br />r( Y <br />v � <br />i 1 <br />, N <br />V- <br />001 00� c)4:, 00� 0„ 0„ O ©� O10 OIL �0 ^^ ^ O�� „Iv 4�L O ^`l <br />ty 4.) ^(L 4 �{V ^n)) 4 A�f� �,y(1 ��(l ^n,0 x,3(1 h3 ^O ^3 ^3(L ^3 <19 3 ,3(l <br />Dates Prepared by S <br />- ---• B0125 Band <br />— 130120 Band <br />