Preliminary
		$8,180,000
		City of Lawrence, Kansas
		General Obligation Refunding Bonds, Series 2008
		Crossover Refunding of Series 2000D, 2000F
		Preliminary Feasibility Summary
		Dated 10/01/2008 |  Delivered 10/01/2008
				Series 2008 Ref 2000D		Series 2008 Ref 2000F		Issue Summary
		SOURCES OF FUNDS
		Par Amount of Bonds.....................................................................................................................................................................................		$2,025,000.00		$6,155,000.00		$8,180,000.00
		TOTAL SOURCES...........................................................................................................................................................................................		$2,025,000.00		$6,155,000.00		$8,180,000.00
		USES OF FUNDS
		Deposit to Crossover Escrow Fund........................................................................................................................................................................		1,990,974.77		6,054,368.57		8,045,343.34
		Total Underwriter's Discount  (0.900%)..................................................................................................................................................................		18,225.00		55,395.00		73,620.00
		Costs of Issuance.......................................................................................................................................................................................		14,853.30		45,146.70		60,000.00
		Rounding Amount.........................................................................................................................................................................................		946.93		89.73		1,036.66
		TOTAL USES..............................................................................................................................................................................................		$2,025,000.00		$6,155,000.00		$8,180,000.00
		Flow of Funds Detail
		State and Local Government Series (SLGS) rates for......................................................................................................................................................		8/04/2008		8/04/2008		8/04/2008
		Date of OMP Candidates..................................................................................................................................................................................
		Primary Purpose Fund Solution Method....................................................................................................................................................................		Net Funded		Net Funded		Net Funded
		Total Cost of Investments...............................................................................................................................................................................		$1,990,974.77		$6,054,368.57		$8,045,343.34
		Interest Earnings @ 2.441%..............................................................................................................................................................................		92,204.61		280,382.89		372,587.50
		Total Draws.............................................................................................................................................................................................		$2,083,179.38		$6,334,751.46		$8,417,930.84
		PV Analysis Summary (Net to Net)
		Net PV Cashflow Savings @  3.381%(Bond Yield)...........................................................................................................................................................		104,296.01		338,721.32		443,017.32
		Contingency or Rounding Amount..........................................................................................................................................................................		946.93		89.73		1,036.66
		Net Present Value Benefit...............................................................................................................................................................................		$105,242.94		$338,811.05		$444,053.98
		Net PV Benefit /  $7,920,000 Refunded Principal.........................................................................................................................................................		5.370%		5.685%		5.607%
		Net PV Benefit /  $8,180,000 Refunding Principal........................................................................................................................................................		5.197%		5.505%		5.429%
		Bond Statistics
		Average Life............................................................................................................................................................................................		7.670 Years		7.685 Years		7.681 Years
		Average Coupon..........................................................................................................................................................................................		3.4042616%		3.4068562%		3.4062149%
		Net Interest Cost (NIC).................................................................................................................................................................................		3.5216057%		3.5239652%		3.5233820%
		Bond Yield for Arbitrage Purposes.......................................................................................................................................................................		3.3814565%		3.3814565%		3.3814565%
		True Interest Cost (TIC)................................................................................................................................................................................		3.5156700%		3.5180549%		3.5174652%
		All Inclusive Cost (AIC)................................................................................................................................................................................		3.6278370%		3.6300365%		3.6294927%
		Series 2008 Ref 2000D, 20  |  Issue Summary  |  8/ 4/2008  |  3:28 PM