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• <br />• <br />$3,025,000 <br />City of Lino Lakes, Minnesota <br />General Obligation Capital Improvement Plan Refunding Bonds, Series 2006E <br />Current Refunding of Series 1998A (79.45% of Prior Bonds) <br />Preliminary Feasibility Summary <br />Dated 11/01/2006 ( Delivered 11/01/2006 <br />Sources Of Funds <br />Par Amount of Bonds $3,025,000.00 <br />Transfers from Prior Issue DSR Funds 392,842.50 <br />Issuer Transfer of Accrued Interest 58,825.00 <br />Total Sources $3,476,667.50 <br />Uses Of Funds <br />Deposit to Current Refunding Fund 3,403,491.67 <br />Costs of Issuance 40,000.00 <br />Total Underwriter's Discount (0.950 %) 28,737.50 <br />Rounding Amount 4,438.33 <br />Total Uses $3,476,667.50 <br />ISSUES REFUNDED AND CALL INFORMATION <br />Prior Issue Call Price 100.000% <br />Prior Issue Call Date 12/01/2006 <br />SAVINGS INFORMATION <br />Net Future Value Benefit $288,790.81 <br />Net Present Value Benefit $225,906.92 <br />Net PV Benefit / $3,715,386.16 PV Refunded Debt Service 6.080% <br />BOND STATISTICS <br />Average Life 7.827 Years <br />Average Coupon 3.9070112% <br />Net Interest Cost (NIC) 4.0283882% <br />True Interest Cost (TIC) 4.0472247% <br />Series 2000 Ref 98A 6/)A / s7NGLEPI.TJ'oISE / 9/12/2006 / 11:75 AM <br />Spy ingsted <br />- 6 5 - <br />Page 9 <br />