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• <br />• <br />• <br />$1,745,000 <br />City of Lino Lakes, Minnesota <br />General Obligation Water Revenue Refunding Bonds, Series 2006F <br />Current Refunding of Series 1996B <br />Preliminary Feasibility Summary <br />Dated 11/01/2006 i Delivered 11/01/2006 <br />Sources Of Funds <br />Par Amount of Bonds <br />$1,745,000.00 <br />Total Sources $1,745,000.00 <br />Uses Of Funds <br />Deposit to Current Refunding Fund 1,710,000.00 <br />Costs of Issuance 25,000.00 <br />Total Underwriter's Discount (0.525 %) 9,161.25 <br />Rounding Amount 838.75 <br />Total Uses $1,745,000.00 <br />ISSUES REFUNDED AND CALL INFORMATION <br />Prior Issue Call Price 100.000% <br />Prior Issue Call Date 2/01 /2007 <br />SAVINGS INFORMATION <br />Net Future Value Benefit $67,832.61 <br />Net Present Value Benefit $62,710.95 <br />Net PV Benefit / $1,792,109.25 PV Refunded Debt Service 3.499% <br />BOND STATISTICS <br />Average Life 3.485 Years <br />Average Coupon 3.6700308% <br />Net Interest Cost (NIC) 3.8206783% <br />True Interest Cost (TIC) 3.8290090% <br />Series 2006 Ref 36T / SINGLEff1RPO.E / 9/15/200e / 8:56 AM <br />'pringsted <br />- 7 0 - <br />Page 14 <br />