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• <br />• <br />In accordance with the official Terms of Proposal the following adjustments were made: <br />Principal Amount: <br />Maturities: <br />Minimum Purchase Price: <br />RESOLUTION NO. 06 -176 <br />A RESOLUTION AWARDING THE SALE OF $1,745,000 GENERAL <br />OBLIGATION WATER REVENUE REFUNDING BONDS, SERIES 2006F; <br />FIXING THEIR FORM AND SPECIFICATIONS; <br />DIRECTING THEIR EXECUTION AND DELIVERY; <br />AND PROVIDING FOR THEIR PAYMENT <br />BE IT RESOLVED By the City Council of the City of Lino Lakes, Anoka County, <br />Minnesota (the "City") as follows: <br />Section 1. Sale of Bonds. <br />1.01. The proposal of <br />(the "Purchaser ") to purchase $ General Obligation Water Revenue Refunding <br />Bonds, Series 2006F (the "Bonds ") of the City described in the Terms of Proposal thereof is <br />determined to be a reasonable offer and is accepted, the proposal being to purchase the Bonds at <br />a price of $ plus accrued interest to date of delivery, for Bonds bearing interest as <br />follows: <br />Year Interest Rate Year Interest Rate <br />2008 2011 <br />2009 2012 <br />2010 <br />True interest cost: <br />1.02. The sum of $ being the amount proposed by the Purchaser in excess <br />of $ is credited to the Debt Service Fund hereinafter created, or applied to redemption <br />of the Refunded Bonds (as defined hereinafter), as determined by the City's financial advisor. <br />The City Finance Director is directed to deposit the good faith check of the Purchaser, pending <br />completion of the sale of the Bonds, and to return the good faith checks of the unsuccessful <br />299374v2 SJB LN 140 -97 2 <br />