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Bid FormI PARITY Bid Form UMB Bank N.A.. Kansas City, MO's Bid https: / /www.newissaehome.i- deal. com /Parity/asp/main.asp ?frame =co... Salina $3,760,000 General Obligation Refunding Bonds, Series 2012 -B -* For the aggregate principal amount of $3,760,000.00, we will pay you $3,775,416.00, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount $ Coupon % Bond Insurance 10/01/2013 370M 1.0065 0.966319 10/01/2014 935M 1.0065 10101/2015 826M 1.0000 10/0112016 460M 1.0000 10101/2017 486M 1.0000 10/01/2018 470M 1.0500 10/012019 235M 1.2000 10/012020 1 180M 1.4065 Total Interest Cost $161,548.61 Premium: $15,416.00 Net Interest Cost $146,132.61 TIC: 0.966319 Total Insurance Premium: $0.00 Time Last Bid Received On:07/092012 12:49:13 COST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a pat hereof. Bidder. UMB Bank N.A., Kansas City, MO Contact Kristin Koziol ,Tftl VP Telephone:816-860 -7223 Fax: 816 - 843 -4325 Issuer Name: Cityo alma Company Name:. UMB Bank, n.a. �y Accepted By: p �t Accepted By: 4,�A: ,� /l , I Date: 1 a� Date: _ 7/9/12 C 01981 -2002 FDeal UZ, Al right, meemed, Tmdemeda 6-\A iSSc.e, rplEeSe 1 oft `C.�t -`J �u'2nS. 7/92012 1:57 PM r y of Salina, Kansas neral Obligation Refunding Bonds es2012 -B funding) Pricing Summary Type of Maturity Maturity Bond Coupon Yield Value Price Dollar Price 10101/7013 Serial Coupon 1.000% 0.400% 385,000.00 100.705% 387,71425 101012014 Serial Coupon 1.000% 0.450% 940,000.00 101.191%. 951,195.40 10101 01S Serial Coupon 1.000% 0.550% 625,000.00 101.416% 633,850.00 101012016 serial Coupon 1.000% 0.700% 460,000.00 101.233% 465,671.80 10/012017 - Sala] Coupon 1 000% 0.850% 485 00000 100.758% 488,676.30 10/012018 Serial Coupon 1.050% 1.050% 475,000.00 100.000% 475,M.00 101012019 Serial Coupon 1200% 1200% 235,000.00 100.000% 235,000.00 101012020 Serial Coupon 1.400% 1.400% 180,000.00 100.000% 180,000.00 Total - - 83,785,000.00 53,81710775 Bid Information Par Amount of Bonds $3,785,000.00 Reoffering ffenng Pro or (DMwunt) 11 32 10775 Cross Production $3,817,107.75 Total Underwriter's Discount (0.440 %) $(16,636,32) Bid (100.409 %) 3 800 471 Al Accrued Interest from 07/152012 to 07262012 1,200.15 Total Pmchme Price $3,901,671.58 Bond Year pollars $15,139.06 Average Life 4.000 Years Average Coupon - 1.0711825% Net Interest Cost (NIC) 0.9689871% True Interest Cost (TIC) --6 9646257% Smb° 2012saaiaaaM 07- I RafuWna] 7/62012 1 1:33 PM George K. Baum & Company Public Finance (BIi) Page 9