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Vu. LV/ LVVU V0.0.2 VAA U1L 001 0010 <br />• <br />• <br />• <br />PROPOSAL <br />vaur uv '..umrftr x <br />gjUUZ <br />ba.c. <br />SALE DATE: September 26, 2005 <br />TO: Mr. Gordon Heitke, City Administrator <br />City of Lino Lakes, Minnesota <br />c/o Springsted Incorporated <br />380 Jackson Street, Suite 300 <br />St. Paul, MN 55101 -2887 <br />Phone: (651) 223 -3000 <br />Fax: (651) 223 -3046 <br />RE: $5,550,000 Taxable General Obligation Improvement Bonds, Series 2005A <br />For the Bonds of this Issue whIc_h shall mature and bear interest at the respective annual rates, <br />as follow, we offer a price of $ 5,53 a»T% i .2 5 (Note: This amount. may not be Tess <br />than $5,488,950 and accrued interest to the date of delivery. <br />4,35 % 2007 5.00 % 2011 5`O0 % 2015 5115 % 2019 <br />IA .4 O % 2008 55, 0CD % 2012 5•00 % 2016 5, IS <br />S ,O C) % 2009 % 2013 S, IS 2020 <br />s <br />% 2021 <br />5.00 % 2010 5,'00 % 2014 5,00 % 2018 <br />Designation of Tenn Maturities <br />Years of Term Maturities 2_0 �Q -102 <br />In making this offer we accept all of the terms and conditions of the Terms of Proposal <br />published in the Official Statement dated September 14, 2005. In the event of failure to deliver <br />these Bonds in accordance with the Terms of Proposal as printed In the Official Statement and <br />made a part hereof, we reserve the right to withdraw our offer, whereupon the deposit <br />accompanying it will be immediately returned. All blank spaces of this offer are intentional and <br />are not to be construed as an omission. <br />Subject to any applicable exemption in the Rule, this offer to purchase /bid is subject to the City's <br />covenant and agreement to take all steps necessary to assist us in complying with SEC Rule <br />15c2 -12, as amended. <br />Not as a part of our offer, the above quoted prices being controlling, but only as an aid for the <br />verification of the offer, we have made the following computations: <br />NET INTEREST COST: $ 2 ,(, \ 5, 5 35. 13 <br />TRUE INTEREST RATE:508 14 <br />Account Members <br />VA (65 <br />ek- - t? <br />c_ c_ <br />t00 SUITE INC. <br />MINNEAPOLIS, MN 55402 <br />Account Manager <br />By: <br />Phone: (01a— <br />The foregoing offer is hereby accepted by the City on the date of the offer by its following <br />officers duly authorized and empowered to make such acceptance. <br />Mayor <br />SURE -BID <br />Administrator <br />Good Faith Check Submitted <br />