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April 1, 2010 <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 $1,015,000 General Obligation Improvement & Utility Revenue <br />Refunding Bonds, Series 2010A <br />Dear Mr. Rolek: <br />We have enclosed an electronic copy of our recommendations for the above - captioned issue for distribution to <br />IIICouncil members and City staff prior to your meeting on Monday, April 12, 2010. <br />• <br />We will be forwarding, under separate cover, contract amendments for services relating to arbitrage compliance and <br />continuing disclosure to include this issue. Please sign and retum the enclosed forms so that Springsted will <br />be authorized to complete calculations and reporting as may be required related to this issue. <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 />Stauf See€id <br />Stacy Seeland <br />Project Manager <br />akb <br />Enclosures <br />-33- <br />Public Sector Advisors <br />