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• <br />• <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF LINO LAKES <br />SIGNATURE AND NO <br />LITIGATION CERTIFICATE <br />We, the undersigned, being the duly qualified officers as shown beneath our signatures <br />herewith, hereby certify and recite as follows: <br />As of the date stated hereafter and in accordance with the directions of the governing body <br />of the City of Lino Lakes (the "Municipality "), we have caused the proper manual or facsimile <br />signatures to be affixed to each of the obligations hereafter described (the "Bonds "). <br />Name of Issue: General Obligation Improvement Note of 2009 <br />Date of Original Issue: December 9, 2009 <br />Amount of Issue: $4,260,000 <br />Denomination: $4,260,000 <br />First Interest Date: August 1, 2010 <br />Interest Payment Dates: February 1 and August 1 <br />Fully registered Bonds payable at the office of the City Finance Director, Lino Lakes, Minnesota, as <br />Bond Registrar and Paying Agent. <br />Mature on: August 1 in the years and amounts and at interest rates as shown in Schedule A attached <br />hereto. <br />Redemption: The City may elect on any date to prepay the Note in whole or in part. If in part, <br />prepayments will be applied in reverse order of the principal installment amounts <br />due on the Note. <br />Mandatory Redemption: A portion of the assessments for the Project levied against benefited <br />properties are expected to be deferred under various provisions of Minnesota law <br />(referred to as "Deferred Assessment "). If the City receives pre - payments of any <br />such Deferred Assessments, the City shall apply such prepayments toward <br />redemption of the Note in accordance with the procedures for optional <br />redemption. <br />We further certify that no litigation is pending or threatened questioning the organization of <br />the Municipality or the right, power and authority of its officers to execute and deliver the <br />360310v1 SJB LN140 -103 <br />