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EXHIBIT B <br />FORM OF BOND <br />No. R- UNITED STATES OFAMERICA $ <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF LINO LAKES <br />GENERAL OBLIGATION BOND <br />SERIES 2026A <br />Date of <br />Rate Maturity Original Issue CUSIP <br />February 1, 20_ May 18, 2026 <br />Registered Owner: Cede & Co. <br />The City of Lino Lakes, Minnesota, a duly organized and existing municipal corporation in <br />Anoka County, Minnesota (the "City"), acknowledges itself to be indebted and for value received <br />hereby promises to payto the Registered Owner specified above or registered assigns, the principal <br />sum of $ on the maturity date specified above, with interest thereon from the date hereof <br />at the annual rate specified above (calculated on the basis of a 360-day year of twelve 30-day <br />months), payable February 1 and August 1 in each year, commencing February 1, 2027, to the person <br />in whose name this Bond is registered at the close of business on the fifteenth day (whether or not a <br />business day) of the immediately preceding month. The interest hereon and, upon presentation and <br />surrender hereof, the principal hereof are payable in lawful money of the United States of America <br />by check or draft by Bond Trust Services Corporation, Minneapolis, Minnesota, as Bond Registrar, <br />Paying Agent, Transfer Agent and Authenticating Agent, or its designated successor under the <br />Resolution described herein. For the prompt and full payment of such principal and interest as the <br />same respectively become due, the full faith and credit and taxing powers of the City have been and <br />are hereby irrevocably pledged. <br />The City may elect on February 1, 2036, and on any daythereafterto prepay Bonds due on or <br />after February 1, 2037. Redemption may be in whole or in part and if in part, at the option of the City <br />and in such manner as the City will determine. If less than all Bonds of a maturity are called for <br />redemption, the City will notify The Depository Trust Company ("DTC") of the particular amount of <br />such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in <br />such maturity to be redeemed and each participant will then select by lot the beneficial ownership <br />interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued <br />interest. <br />This Bond is one of an issue in the aggregate principal amount of $8,355,000 all of like original <br />issue date and tenor, except as to number, maturity date, redemption privilege, and interest rate, all <br />issued pursuant to a resolution adopted by the City Council on April 27, 2026 (the "Resolution"), for <br />B-1 <br />4931-4985-5651.3 <br />