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City of Lino Lakes, Minnesota <br />May 7, 2002 <br />• Column 8 shows the total projected assessment income developed on Pages 8 through <br />12. <br />Column 9 shows the difference between columns 5 and 6 and represents the projected <br />annual surplus of assessment income over 105% of debt service. <br />Based on projected assessment income, it is expected that the City will not be required to levy <br />ad valorem property taxes to pay debt service on the Bonds. <br />Springsted is pleased to again be of service to the City of Lino Lakes. <br />Respectfully submitted, <br />C 4-10A6*-0 <br />SPF{IN!GS thD Incorporated <br />Ilr <br />Provided to Staff: <br />Continuing Disclosure Contract Amendment <br />Page 5 <br />