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Extract of Minutes of Meeting <br />of the City Council of the City of <br />Lino Lakes, Anoka County, Minnesota <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br />of Lino Lakes, Anoka County, was duly held in the City Hall in said City on Monday, May 10, <br />2010, commencing at 6:30 P.M. <br />The following members were present: <br />and the following were absent: <br />* * * <br />The Mayor announced that the next order of business was consideration of the proposals <br />which had been received for the purchase of the City's approximately $1,015,000 General <br />Obligation Improvement and Utility Revenue Refunding Bonds, Series 2010A. <br />The Acting City Administrator presented a tabulation of the proposals which had been <br />received in the manner specified in the Terms of Proposal of the Bonds. The proposals were as <br />set forth in Exhibit A attached. <br />After due consideration of the proposals, Member then <br />introduced the following written resolution, the reading of which was dispensed with by <br />unanimous consent, and moved its adoption: <br />In accordance with the official Terms of Proposal the following adjustments were made: <br />Principal Amount: <br />Maturities: <br />Minimum Purchase Price: <br />367721v1 SJB LN140 -106 <br />• <br />• <br />• <br />