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(the "Board"), in consultation with Ehlers and Associates, Inc., as municipal advisor to the City <br />and the Authority (the "Municipal Advisor"), in the proposed aggregate principal amount of <br />$27,440,000. The Board will meet on April 27, 2026, or another date selected by staff of the <br />City and the Authority, to approve the issuance and sale of the Bonds to the purchaser and to <br />approve the execution and delivery of the Ground Lease, the Lease, and other related <br />financing documents (the "Lease Documents") to be prepared by Bond Counsel (hereinafter <br />defined). <br />(b) The City Council shall meet on April 27, 2026, or another date selected by staff <br />of the City and the Authority, to approve the forms of Lease Documents and the execution and <br />delivery thereof by the officers of the City. <br />3. Authority of Bond Counsel. The law firm of Kutak Rock LLP, Minneapolis, <br />Minnesota, as bond counsel to the Authority and the City ("Bond Counsel"), is authorized to act as <br />bond counsel and to assist in the preparation and review of necessary Lease Documents, <br />certificates and instruments relating to the Bonds. The officers, employees and agents of the City <br />are hereby authorized to assist Bond Counsel in the preparation of such documents, certificates, <br />and instruments. <br />4. Official Statement. In connection with the sale of the Bonds, the officers or <br />employees of the City are authorized and directed to cooperate with Ehlers and Associates, Inc., as <br />municipal advisor to the City and the Authority, and participate in the preparation of an official <br />statement for the Bonds and to deliver it on behalf of the City and the Authority upon its <br />completion. <br />Adopted by the City Council of the City of Lino Lakes this 23rd day of March, 2026. <br />• <br />�w <br />Rob R ert , Mayor <br />ATTEST: <br />Roberta Colotti, CIVIC, City Clerk <br />2 <br />4905-3962-9203.1 <br />