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Bonds Annual Disclosure Report 2012MUNICIPAL SECONDARY MARKET DISCLOSURE ANNUAL REPORT COVER SHEET This Cover Sheet and Annual Report are being sent to all Nationally Recognized Municipal Securities Information Repositories and any applicable State Information Depository pursuant to Securities and Exchange Commission Rule 15c2- 12(b)(5)(i)(C)and(D) or any analogous state statute. ISSUER (OBLIGATED PARTY): City of New Hope, Minnesota Issue Identification Date of Issue 6 -Digit CUSIP No. $4,080,000 General Obligation Tax Increment Bonds, Series 2004 4/01/04 645444 $1,370,000 General Obligation Taxable Tax Increment Bonds, Series 2005A 3/01/05 64544P 1 $1 , 850 , 000 General Obligation Certificates of Indebtedness and Refunding Bonds Series 2010B 11/23/10 64544P Limited Continuing Disclosure Requirements Date of Issue 6 -Digit CUSIP No. 1 $1 General Obligation Utility Revenue Bonds Series 2010A 5/06/10 64544P Ehlers & Associates, Inc. has been authorized by the Issuer to distribute this information: This Annual Report has been prepared and is being provided to the secondary market only in compliance with the contractual agreement of the Issuer, entered into in accordance with Rule 15c2 -12 promulgated by the U.S. Securities and Exchange Commission, to update annually the following financial information and operating data which was provided in the Final Ojcial Statement relating to the above noted obligations. The information provided in this Annual Report speaks only as of its date and is subject to change without notice. The delivery of this Annual Report may not under any circumstances, create an implication that there has been no other change to the information provided about the Issuer or otherwise in the Final Official Statement. The presentation of information in this Annual Report is intended to show recent historical information and is not intended to indicate future or continuing trends with respect to the Issuer. The Issuer has not agreed in any way to notify the secondary market ofsubsequent changes to the information in thisAnnual Report, other than an undertaking to provide notice of certain speck material events. Type of Filing: Dissemination Agent Issuer Contact Name /Title: Bruce Kimmel, Financial Advisor Kirk McDonald, City Manager Contact Name /Title: Pia Troy, Analyst Com an : Ehlers & Associates, Inc. City of New Hope Address: 3060 Centre Pointe Dr Roseville, MN 55113 4401 Xylon Ave N New Hope, MN 55428 -4843 Phone: (651) 697 -8500 (763) 531 -5100 FAX: 1 (651) 697 -0281 1 (763) 531 -5136 Relationship to Issuer: I Financial Advisor This Annual Report has been prepared and is being provided to the secondary market only in compliance with the contractual agreement of the Issuer, entered into in accordance with Rule 15c2 -12 promulgated by the U.S. Securities and Exchange Commission, to update annually the following financial information and operating data which was provided in the Final Ojcial Statement relating to the above noted obligations. The information provided in this Annual Report speaks only as of its date and is subject to change without notice. The delivery of this Annual Report may not under any circumstances, create an implication that there has been no other change to the information provided about the Issuer or otherwise in the Final Official Statement. The presentation of information in this Annual Report is intended to show recent historical information and is not intended to indicate future or continuing trends with respect to the Issuer. The Issuer has not agreed in any way to notify the secondary market ofsubsequent changes to the information in thisAnnual Report, other than an undertaking to provide notice of certain speck material events. Type of Filing: Electronic Report Deadline: December 31 2011 Description of Information Enclosed (Check items enclosed) X Audited Financial Statements or CAFR X Annual Financial Information and Operating Data pursuant to Rule 15 -c2 -12 City of New Hope, Minnesota Date of Report: December 16, 2011 Municipal Secondary Market Disclosure Annual Report Page 1 L ANNUAL FINANCIAL INFORMATION REPORT UPDATE CROSS REFERENCE Official Statement Section Location of Annual Updated Information Current Property Valuations Page 12 -- Official Statement of the City of New Hope, Minnesota December 1, 2011 Trend of Valuations Page 13 -- Official Statement of the City of New Hope, Minnesota December 1, 2011 Larger Taxpayers Page 14 -- Official Statement of the City of New Hope, Minnesota December 1, 2011 Direct Debt Page 15 -- Official Statement of the City of New Hope, Minnesota December 1 2011 Debt Ratios Page 23 -- Official Statement of the City of New Hope, Minnesota December 1, 2011 Tax Levies and Collections Page 24 -- Official Statement of the City of New Hope, Minnesota December 1 2011 Tax Capacity Rates Page 24 -- Official Statement of the City of New Hope, Minnesota December 1, 2011 Population Trend Page 33 -- Official Statement of the City of New Hope, Minnesota December 1, 2011 Employment/Unemployment Page 33 -- Official Statement of the City of New Hope, Minnesota December 1 2011 II. CITY OF NEW HOPE, MINNESOTA -- AUDITED FINANCIAL STATEMENT FOR FISCAL YEAR ENDING DECEMBER 31, 2010 -- ATTACHED AS SEPARATE DOCUMENT III. CITY OF NEW HOPE, MINNESOTA -- 2011 BUDGET -- ATTACHED AS SEPARATE DOCUMENT City of New Hope, Minnesota Date of Report: December 16, 2011 Municipal Secondary Market Disclosure Annual Report Page 2 Pi Tr From: EM MANotifications @msrb.org Sent: Friday, December 16, 20113:31 PM To: Pia Troy Subject: Published Submission Confirmation Your Continuing Disclosure Submission has been published. Submissionld: ER465316 Disclosure Type: FINANCIAL /OPERATING FILING Annual Financial Information and Operating Data (Rule 15c2 -12): Annual Report for the year ended 12/31/2011 Document Name: Financial Operating Filing dated 12/16/2011 2011 Annual Report.New Hope.pdf posted 12/16/20114:29:26 PM The following Issuers are associated with this Continuing Disclosure Submission: CUSIP6 State Issuer Name 645444 MN NEW HOPE MINN 64544P MN NEW HOPE MINN The following 46 Securities have been published with this Continuing Disclosure Submission: Security: CUSIP - 6454447R5, Maturity Date - 02/01/2006 Security: CUSIP - 645444753, Maturity Date - 02/01/2007 Security: CUSIP - 6454447T1, Maturity Date - 02/01/2008 Security: CUSIP - 6454447U8, Maturity Date - 02/01/2009 Security: CUSIP - 6454447V6, Maturity Date - 02/01/2010 Security: CUSIP - 6454447W4, Maturity Date - 02/01/2011 Security: CUSIP - 6454447X2, Maturity Date - 02/01/2012 Security: CUSIP - 6454447Y0, Maturity Date - 02/01/2013 Security: CUSIP - 6454447Z7, Maturity Date - 02/01/2014 Security: CUSIP - 6454448A1, Maturity Date - 02/01/2015 Security: CUSIP - 6454448139, Maturity Date - 02/01/2016 Security: CUSIP - 6454448C7, Maturity Date - 02/01/2017 Security: CUSIP - 6454448D5, Maturity Date - 02/01/2018 Security: CUSIP - 6454448E3, Maturity Date - 02/01/2019 Security: CUSIP - 6454448F0, Maturity Date - 02/01/2020 Security: CUSIP - 6454448G8, Maturity Date - 02/01/2021 Security: CUSIP - 6454448H6, Maturity Date - 02/01/2022 Security: CUSIP - 6454448.12, Maturity Date - 02/01/2023 Security: CUSIP - 6454448K9, Maturity Date - 02/01/2024 Security: CUSIP - 64544481-7, Maturity Date - 02/01/2025 Security: CUSIP - 64544PAE3, Maturity Date - 02/01/2011 Security: CUSIP - 64544PAK9, Maturity Date - 02/01/2016 Security: CUSIP - 64544PAS2, Maturity Date - 02/01/2023 Security: CUSIP - 64544PBA0, Maturity Date - 02/01/2031 Security: CUSIP - 64544PBK8, Maturity Date - 02/01/2011 Security: CUSIP - 64544PBL6, Maturity Date - 02/01/2012 Security: CUSIP - 64544PBM4, Maturity Date - 02/01/2013 Security: CUSIP - 64544PBN2, Maturity Date - 02/01/2014 Security: CUSIP - 64544PBP7, Maturity Date - 02/01/2015 Security: CUSIP - 64544PBQ5, Maturity Date - 02/01/2016 Security: CUSIP - 64544PBR3, Maturity Date - 02/01/2017 Security: CUSIP - 64544PBS1, Maturity Date - 02/01/2018 Security: CUSIP - 64544PBT9, Maturity Date - 02/01/2019 Security: CUSIP - 64544PBU6, Maturity Date - 02/01/2020 Security: CUSIP - 64544PBV4, Maturity Date - 02/01/2021 Security: CUSIP - 64544PBW2, Maturity Date - 02/01/2012 Security: CUSIP - 64544PBX0, Maturity Date - 02/01/2013 Security: CUSIP - 64544PBY8, Maturity Date - 02/01/2014 Security: CUSIP - 64544PBZ5, Maturity Date - 02/01/2015 Security: CUSIP - 64544PCA9, Maturity Date - 02/01/2016 Security: CUSIP - 64544PCB7, Maturity Date - 02/01/2017 Security: CUSIP - 64544PCC5, Maturity Date - 02/01/2018 Security: CUSIP - 64544PCD3, Maturity Date - 02/01/2019 Security: CUSIP - 64544PCE1, Maturity Date - 02/01/2020 Security: CUSIP - 64544PCF8, Maturity Date - 02/01/2021 Security: CUSIP - 64544PCG6, Maturity Date - 02/01/2022 Please follow the link to view this submission: http: / /emma. msrb. org/ ContinuingDisclosureView /ContinuingDisclosureDetails .aspx ?submissionld= ER465316 Please follow the link to make changes to this submission: http: / /dataport.emma.msrb.org/ Submission /ContinuingDisclosureTypeSelect .aspx ?sid= ER465316 PLEASE DO NOT REPLY. This is a system - generated e -mail. If you need assistance please contact the MSRB at 703 -797- 6668 or you may obtain more information at www.msrb.org Pi Tr From: EM MANotifications @msrb.org Sent: Friday, December 16, 20113:41 PM To: Pia Troy Subject: Published Submission Confirmation Your Continuing Disclosure Submission has been published. Submissionld: ER465324 Disclosure Type: FINANCIAL /OPERATING FILING Audited Financial Statements or CAFR (Rule 15c2 -12) for the year ended 12/31/2010 Document Name: Financial Operating Filing dated 12/16/2011 2010 Audit.New Hope (CAFR).pdf posted 12/16/20114:31:17 PM The following Issuers are associated with this Continuing Disclosure Submission: CUSIP6 State Issuer Name 645444 MN NEW HOPE MINN 64544P MN NEW HOPE MINN The following 46 Securities have been published with this Continuing Disclosure Submission: Security: CUSIP - 6454447R5, Maturity Date - 02/01/2006 Security: CUSIP - 645444753, Maturity Date - 02/01/2007 Security: CUSIP - 6454447T1, Maturity Date - 02/01/2008 Security: CUSIP - 6454447U8, Maturity Date - 02/01/2009 Security: CUSIP - 6454447V6, Maturity Date - 02/01/2010 Security: CUSIP - 6454447W4, Maturity Date - 02/01/2011 Security: CUSIP - 6454447X2, Maturity Date - 02/01/2012 Security: CUSIP - 6454447Y0, Maturity Date - 02/01/2013 Security: CUSIP - 6454447Z7, Maturity Date - 02/01/2014 Security: CUSIP - 6454448A1, Maturity Date - 02/01/2015 Security: CUSIP - 6454448139, Maturity Date - 02/01/2016 Security: CUSIP - 6454448C7, Maturity Date - 02/01/2017 Security: CUSIP - 6454448D5, Maturity Date - 02/01/2018 Security: CUSIP - 6454448E3, Maturity Date - 02/01/2019 Security: CUSIP - 6454448F0, Maturity Date - 02/01/2020 Security: CUSIP - 6454448G8, Maturity Date - 02/01/2021 Security: CUSIP - 6454448H6, Maturity Date - 02/01/2022 Security: CUSIP - 6454448.12, Maturity Date - 02/01/2023 Security: CUSIP - 6454448K9, Maturity Date - 02/01/2024 Security: CUSIP - 64544481-7, Maturity Date - 02/01/2025 Security: CUSIP - 64544PAE3, Maturity Date - 02/01/2011 Security: CUSIP - 64544PAK9, Maturity Date - 02/01/2016 Security: CUSIP - 64544PAS2, Maturity Date - 02/01/2023 Security: CUSIP - 64544PBA0, Maturity Date - 02/01/2031 Security: CUSIP - 64544PBK8, Maturity Date - 02/01/2011 Security: CUSIP - 64544PBL6, Maturity Date - 02/01/2012 Security: CUSIP - 64544PBM4, Maturity Date - 02/01/2013 Security: CUSIP - 64544PBN2, Maturity Date - 02/01/2014 Security: CUSIP - 64544PBP7, Maturity Date - 02/01/2015 Security: CUSIP - 64544PBQ5, Maturity Date - 02/01/2016 Security: CUSIP - 64544PBR3, Maturity Date - 02/01/2017 Security: CUSIP - 64544PBS1, Maturity Date - 02/01/2018 Security: CUSIP - 64544PBT9, Maturity Date - 02/01/2019 Security: CUSIP - 64544PBU6, Maturity Date - 02/01/2020 Security: CUSIP - 64544PBV4, Maturity Date - 02/01/2021 Security: CUSIP - 64544PBW2, Maturity Date - 02/01/2012 Security: CUSIP - 64544PBX0, Maturity Date - 02/01/2013 Security: CUSIP - 64544PBY8, Maturity Date - 02/01/2014 Security: CUSIP - 64544PBZ5, Maturity Date - 02/01/2015 Security: CUSIP - 64544PCA9, Maturity Date - 02/01/2016 Security: CUSIP - 64544PCB7, Maturity Date - 02/01/2017 Security: CUSIP - 64544PCC5, Maturity Date - 02/01/2018 Security: CUSIP - 64544PCD3, Maturity Date - 02/01/2019 Security: CUSIP - 64544PCE1, Maturity Date - 02/01/2020 Security: CUSIP - 64544PCF8, Maturity Date - 02/01/2021 Security: CUSIP - 64544PCG6, Maturity Date - 02/01/2022 Please follow the link to view this submission: http: / /emma. msrb. org/ ContinuingDisclosureView /ContinuingDisclosureDetails .aspx ?submissionld = ER465324 Please follow the link to make changes to this submission: http: / /dataport.emma.msrb.org/ Submission /ContinuingDisclosureTypeSelect .aspx ?sid = ER465324 PLEASE DO NOT REPLY. This is a system - generated e -mail. If you need assistance please contact the MSRB at 703 -797- 6668 or you may obtain more information at www.msrb.org Pi Tr From: EM MANotifications @msrb.org Sent: Friday, December 16, 20113:51 PM To: Pia Troy Subject: Published Submission Confirmation Your Continuing Disclosure Submission has been published. Submissionld: ER465335 Disclosure Type: FINANCIAL /OPERATING FILING Budget for the year ended 12/31/2011 Document Name: Financial Operating Filing dated 12/16/2011 BUDGET 2011 New Hope.pdf posted 12/16/20114:45:00 PM The following Issuers are associated with this Continuing Disclosure Submission: CUSIP6 State Issuer Name 645444 MN NEW HOPE MINN 64544P MN NEW HOPE MINN The following 46 Securities have been published with this Continuing Disclosure Submission: Security: CUSIP - 6454447R5, Maturity Date - 02/01/2006 Security: CUSIP - 645444753, Maturity Date - 02/01/2007 Security: CUSIP - 6454447T1, Maturity Date - 02/01/2008 Security: CUSIP - 6454447U8, Maturity Date - 02/01/2009 Security: CUSIP - 6454447V6, Maturity Date - 02/01/2010 Security: CUSIP - 6454447W4, Maturity Date - 02/01/2011 Security: CUSIP - 6454447X2, Maturity Date - 02/01/2012 Security: CUSIP - 6454447Y0, Maturity Date - 02/01/2013 Security: CUSIP - 6454447Z7, Maturity Date - 02/01/2014 Security: CUSIP - 6454448A1, Maturity Date - 02/01/2015 Security: CUSIP - 6454448139, Maturity Date - 02/01/2016 Security: CUSIP - 6454448C7, Maturity Date - 02/01/2017 Security: CUSIP - 6454448D5, Maturity Date - 02/01/2018 Security: CUSIP - 6454448E3, Maturity Date - 02/01/2019 Security: CUSIP - 6454448F0, Maturity Date - 02/01/2020 Security: CUSIP - 6454448G8, Maturity Date - 02/01/2021 Security: CUSIP - 6454448H6, Maturity Date - 02/01/2022 Security: CUSIP - 6454448.12, Maturity Date - 02/01/2023 Security: CUSIP - 6454448K9, Maturity Date - 02/01/2024 Security: CUSIP - 64544481-7, Maturity Date - 02/01/2025 Security: CUSIP - 64544PAE3, Maturity Date - 02/01/2011 Security: CUSIP - 64544PAK9, Maturity Date - 02/01/2016 Security: CUSIP - 64544PAS2, Maturity Date - 02/01/2023 Security: CUSIP - 64544PBA0, Maturity Date - 02/01/2031 Security: CUSIP - 64544PBK8, Maturity Date - 02/01/2011 Security: CUSIP - 64544PBL6, Maturity Date - 02/01/2012 Security: CUSIP - 64544PBM4, Maturity Date - 02/01/2013 Security: CUSIP - 64544PBN2, Maturity Date - 02/01/2014 Security: CUSIP - 64544PBP7, Maturity Date - 02/01/2015 Security: CUSIP - 64544PBQ5, Maturity Date - 02/01/2016 Security: CUSIP - 64544PBR3, Maturity Date - 02/01/2017 Security: CUSIP - 64544PBS1, Maturity Date - 02/01/2018 Security: CUSIP - 64544PBT9, Maturity Date - 02/01/2019 Security: CUSIP - 64544PBU6, Maturity Date - 02/01/2020 Security: CUSIP - 64544PBV4, Maturity Date - 02/01/2021 Security: CUSIP - 64544PBW2, Maturity Date - 02/01/2012 Security: CUSIP - 64544PBX0, Maturity Date - 02/01/2013 Security: CUSIP - 64544PBY8, Maturity Date - 02/01/2014 Security: CUSIP - 64544PBZ5, Maturity Date - 02/01/2015 Security: CUSIP - 64544PCA9, Maturity Date - 02/01/2016 Security: CUSIP - 64544PCB7, Maturity Date - 02/01/2017 Security: CUSIP - 64544PCC5, Maturity Date - 02/01/2018 Security: CUSIP - 64544PCD3, Maturity Date - 02/01/2019 Security: CUSIP - 64544PCE1, Maturity Date - 02/01/2020 Security: CUSIP - 64544PCF8, Maturity Date - 02/01/2021 Security: CUSIP - 64544PCG6, Maturity Date - 02/01/2022 Please follow the link to view this submission: http: / /emma. msrb. org/ ContinuingDisclosureView /ContinuingDisclosureDetails .aspx ?submissionld = ER465335 Please follow the link to make changes to this submission: http: / /dataport.emma.msrb.org/ Submission /ContinuingDisclosureTypeSelect .aspx ?sid = ER465335 PLEASE DO NOT REPLY. This is a system - generated e -mail. If you need assistance please contact the MSRB at 703 -797- 6668 or you may obtain more information at www.msrb.org