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2014-124 Council Resolution
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2014-124 Council Resolution
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7/16/2015 10:13:25 AM
Creation date
7/15/2015 10:14:15 AM
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City Council
Council Document Type
Resolutions
Meeting Date
10/27/2014
Council Meeting Type
Regular
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ID1 Springsted <br />Springsted Incorporated <br />380 Jackson Street, Suite 300 <br />Saint Paul, MN 55101-2887 <br />Tet: 651-223-3000 <br />Fax 651-223-3002 <br />Em:aiiadvisor,s(03springstedorn <br />www.springsted.com <br />$2,645,000* <br />CITY OF LINO LAKES, MINNESOTA <br />GENERAL OBLIGATION BONDS, SERIES 2014A <br />(BOOK ENTRY ONLY) <br />AWARD: UNITED BANKERSBANK <br />SALE: Monday, October 27, 2014 <br />Standard & Poor's Rating: AA <br />Bidder <br />Interest Net Interest True Interest <br />Rates Price Cost Rate <br />UNITED BANKERS BANK <br />0,40% 2016 $2,63Z463,25 $222,362.99 1.6265% <br />0.60% 2017 <br />0,80% 2018 <br />1,05% 2019 <br />1.25% 2020 <br />1.55% 2021 <br />1.75% 2022 <br />1.95% 2023 <br />2.15% 2024 <br />2.30% 2025-2026 <br />NORTHLAND SECURITIES, INC. 2,00% 2016-2023 52.695.816.35 5245.721.36 1.7448% <br />BERNARDI SECURITIES, 2.50% 2024-2025 <br />INCORPORATED 3.00% 2026 <br />UtvlB BANK, N.A. 1.50% 2016-2018 52,701,074.00 5246,860.10 1.7456% <br />2.00% 2019-2021 <br />2,25% 2022 <br />2.50% 2023-2024 <br />3.00% 2025-2026 <br />" Subsequent to bid opening. the issue size was not changed. <br />451619v2 JAE LN140-113 <br />A-2 <br />Public Sector Advisors <br />
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