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Sprin£ Seed <br />May 23, 2007 <br />Mr. Alan Rolek <br />Finance Director <br />City of Lino Lakes <br />600 Town Center Parkway <br />Lino Lakes, MN 55014 <br />Springsted Incorporated <br />380 Jackson Street, Suite 300 <br />Saint Paul, MN 55101 -2887 <br />Tel: 651 -223 -3000 <br />Fax: 651 - 223 -3002 <br />www.springsted.com <br />Re: Recommendations for the Issuance of $4,215,000 General Obligation Tax Increment Bonds, Series 2007A <br />Dear Mr. Rolek: <br />We have enclosed an electronic copy of our recommendations for the above - captioned issue for distribution to <br />Council members and City staff prior to your meeting on Tuesday, May 29, 2007. <br />We have also enclosed under separate cover contract amendments for services relating to continuing disclosure and <br />arbitrage rebate to include this Issue. If the City wishes to continue to engage Springsted for these services for the <br />new issue, please sign the amendments and return them to us. <br />If you should have any questions pertaining to the enclosed documents, or if you require additional copies, please do <br />not hesitate to contact us. <br />Sincerely, <br />eked-taw 9X. gogaa <br />Christine M. Hogan <br />Project Manager <br />smc <br />Enclosures <br />- 3 7 - <br />Public Sector Advisors <br />• <br />