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CITY OF PEQUOT LAKES, MINNESOTA � • � <br /> �enei�ii C�l�lic��,U�,�� UUlity E��ei��i� ;�i��a C�i�,��o�al Sy�,tei�� Bun�ls, Sr iir�� ,_'(i�uA <br /> PRICING PROPOSALS DUE NO LATER THAN 10:00 A.M. FRIDAY, MARCH 27,2020 <br /> To: City of Pequot Lakes, Minnesota (the "City" or the "Issuer") <br /> Re: $2,098,000*General Obligation Utility Revenue and Disposal System Bonds, Series 2020A(the 'Bonds� <br /> For all or none of the above Bonds, in accordance with the Outline of Offering /Terms, we will pay you <br /> $2,098,000* and accrued interest, if any, to date of delivery for Bonds bearing interest rates and <br /> maturing as follows. <br /> � �. � � � � �. � � � <br /> 02/Ol/2021 $25,000 2 �4 02/01/2029 $137,000 2.14 <br /> 02/O1/2022 119,000 02/O1/2030 141,000 <br /> 02/O1/2023 121,000 02/O1/2031 143,000 <br /> 02/O1/2024 124,000 02/O1/2032 147,000 <br /> 02/O1/2025 127,000 02/01/2033 149,000 <br /> 02/O1/2026 129,000 02/O1/2034 153,000 <br /> 02/O1/2027 132,000 02/01/2035 157,000 <br /> 02/O1/2028 135,000 02/O1/2036 159,000 <br /> We elect to have the Bonds issued as one term Bond**: X YES NO <br /> We will designate the next available call date to be. Callable 02/01/2028 in whole or in part at par <br /> (An example would be. "Callable 02/01/2028 at Par" or "Callable Anytime with 30-days' Notice") <br /> We [ WILL] [X WILL NOT] require the assignment of CUSIP numbers to the Bonds. Even if CUSIP <br /> numbers are assigned, the Bonds will be physically registered and delivered to the purchaser <br /> We [ WILL] [X WILL NOT] require a paying agent <br /> We [ WILL] [X WILL NOT] require outside bank counsel Bank counsel fee will not exceed $ <br /> Please designate any other terms here or attach a separate sheet. <br /> This bid is for prompt acceptance and for delivery of said Bonds to us in compliance with the Terms of <br /> Offering, which is made a part of this proposal by reference. <br /> *The total pnnupal amount is sub�ect to change based upon actual pro�ect costs and costs of issuance known on the bid date. <br /> By presenting this bid we are accepting any changes that are necessary to the final debt service schedule once all final dates <br /> and costs are known. Changes, if any,will be reasonable and will be circulated promptly once a bid has been accepted. <br /> **If we choose to have the Bonds issued as one term Bond(with only one CUSIP number,but still following the annual pnnapal <br /> repayment structure with a mandatory sinking fund) we understand that only ONE flat interest rate can be assigned to all <br /> matunties <br /> Proposal Form <br />