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Parameters Resolution <br />• Allows a pricing committee (Mayor, City Administrator and <br />Finance Director) and advised by Springsted Incorporated, to <br />approve the final pricing on the offering date <br />yet to be established—soon after the negotiated sale on April 27, <br />2015 <br />• Maximum bond issue of $5,600,000 (current est $4.845.2 million) <br />• Maximum interest rate of 5% (current estimate 3.3%) <br />• Maturity of 20 years <br />Springsted <br />Bond Rates — 5 year history <br />BEM d nd(Revenue) and sdbone(0.0.) RN.* fors Yearn Ending <br />7HYg013 <br />DWr na.IMygrnsn+/ <br />Mint tre <br />—11111.1.1 <br />Bond Calendar <br />March 10, 2015 <br />• Publication of notice of public hearing <br />March 23, 2015 <br />• Public hearing to approve abatement <br />• Authorize sale of bonds for two bond issues; three projects <br />(both GO bonds combined) <br />• Week March 23 RFP for underwriters for lease revenue sent <br />April 8, 2015 <br />• Selection of Underwriter <br />SprIngsic: <br />6 <br />