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BID TABULATION <br />EHLERS <br />LEADERS IN PUBLIC FINANCE <br />$1,210,000* General Obligation Street Reconstruction Bonds, Series 2018A <br />City of Ramsey, Minnesota <br />SALE: June 26, 2018 <br />AWARD: BAIRD <br />Rating: S&P Global Ratings "AA+" <br />BBI: 3.87% <br />Bank Qualified <br />NAME OF BIDDER <br />BAIRD <br />Milwaukee, Wisconsin <br />C.L. King & Associates WMBE <br />Dougherty & Company, LLC Fidelity <br />Capital Markets <br />SAMCO Capital Markets <br />WNJ Capital <br />Crews & Associates, Inc. Davenport & <br />Co. L.L.C. <br />Ross, Sinclaire & Associates, LLC <br />Loop Capital Markets <br />Country Club Bank <br />SumRidge Partners <br />R. Seelaus & Company., Inc. Sierra <br />Pacific Securities <br />Isaak Bond Investments, Inc <br />IFS Securities <br />UMB Bank,N.A. <br />Wayne Hummer & Co. <br />FMS Bonds Inc. <br />Central States Capital Markets Midland <br />Securities <br />First Southern Securities <br />MATURITY REOFFERING <br />(December 15) RATE YIELD <br />2019 3.000% 1.600% <br />2020 3.000% 1.800% <br />2021 3.000% 1.950% <br />2022 3.000% 2.100% <br />2023 3.000% 2.200% <br />2024 3.000% 2.350% <br />2025 3.000% 2.500% <br />2026 3.000% 2.600% <br />2027 3.000% 2.700% <br />2028 3.000% 2.800% <br />* Subsequent to bid opening the issue size was decreased to $1,175,000. <br />Adjusted Price - $1,195,758.39 Adjusted Net Interest Cost - $193,787.45 <br />PRICE <br />$1,231,266.80 <br />NET <br />INTEREST <br />COST <br />$199,404.87 <br />Adjusted TIC - 2.6756% <br />TRUE <br />INTEREST <br />RATE <br />2.6768% <br />