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PROPOSAL SALE DATE: April 27, 2015 <br />City of Lino Lakes, Minnesota <br />$3,645,000* General Obligation Bonds, Series 2015A <br />For the Bonds of this Issue which shall mature and bear interest at the respective annual rates, as follow, we offer a price of <br />$ (which may not be less than $3,608,550) plus accrued interest, if any, to the date of delivery. <br />Interest <br />Year Rate (%) Yield (%) <br />2017 <br />2018 % <br />2019 <br />2020 <br />2021 <br />2022 <br />2023 <br />2024 <br />Years of Term Maturities <br />Dollar <br />Price <br />% <br />Interest Dollar <br />Year Rate (%) Yield (%) Price <br />2025 % % % <br />2026 % % % <br />2027 % % % <br />2028 % % % <br />2029 % % % <br />2030 % % % <br />2031 % % % <br />Designation of Term Maturities <br />In making this offer on the sale date of April 27, 2015 we accept all of the terms and conditions of the Terms of Proposal published in the <br />Preliminary Official Statement dated April 6, 2015 including the City's right to modify the principal amount of the Bonds. (See "Terms <br />of Proposal" herein.) In the event of failure to deliver these Bonds in accordance with said Terms of Proposal, we reserve the right to <br />withdraw our offer, whereupon the deposit accompanying it will be immediately returned. All blank spaces of this offer are intentional <br />and are not to be construed as an omission. <br />Not as a part of our offer, the above quoted prices being controlling, but only as an aid for the verification of the offer, we have made the <br />following computations: <br />NET INTEREST COST: $ <br />TRUE INTEREST RATE: <br />The Bidder 0 will not 0 will purchase municipal bond insurance from <br />Account Members <br />Account Manager <br />By: <br />Phone: <br />Attest: <br />The foregoing proposal has been accepted by the City. <br />Date: <br />Wire Transfer <br />Preliminary; subject to change. <br />Springsted <br />Good Faith Check <br />Phone: 651-223-3000 <br />Fax: 651-223-3046 <br />Email: bond services@springsted.com <br />Website: www.springsted.com <br />Public Sector Advisors <br />