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72085317v1 <br /> <br /> <br /> <br />ATTACHMENT TO <br />Sworn Applicant Statement—Application for Allocation of Bonding Authority <br />for Residential Rental Projects, Form S <br />SWORN CERTIFICATION OF APPLICANT'S CERTIFIED PUBLIC ACCOUNTANT <br />REGARDING AGGREGATE BOND LIMITATION <br />City of Little Canada, Minnesota <br />Multifamily Housing Revenue Bonds <br />(Twin Lake Apartments Project) <br /> <br />December __, 2021 <br /> <br />The undersigned is the duly authorized representative of _____________________________, <br />_____ a certified public accounting firm (the "Accountant"), and hereby represents and certifies as follows: <br />1. This Sworn Certification of Applicant's Certified Public Accountant Regarding Aggregate <br />Bond Limitation (the "Certification") has been prepared and executed in conjunction with <br />an application by the City of Little Canada, Minnesota (the "Applicant") for an allocation <br />of bonding authority (the "Allocation Application") with respect to the above-referenced <br />obligations, the proceeds of which Twin Lake Limited Partnership, a Minnesota limited <br />partnership (the "Borrower"), with Twin Lake GP LLC, a Minnesota limited liability <br />company, as general partner, proposes to apply to the acquisition and construction of an <br />approximately 87,723 square-foot rentable apartment community that will consist of an <br />approximately 60-unit multifamily housing development for households of low and <br />moderate income, and functionally related facilities, including an underground parking <br />garage, expected to be known as Twin Lake Apartments, located at the northwest corner <br />of Twin Lake Boulevard and Bankers Drive, within the jurisdiction of the Issuer (the <br />"Project"). <br />2. The Accountant is the certified public accountant of the Applicant for purposes of the <br />certification as to aggregate bond limitation required to be made in connection with the <br />Allocation Application. <br />3. The reasonably expected aggregate basis of the Project and the land on which the Project <br />is or will be located is $16,945,000. Therefore, the aggregate bond limitation for the <br />Project, representing 55 percent of the reasonably expected aggregate basis, is $9,319,750. <br />4. The amounts set forth in the preceding paragraph were calculated based on preliminary <br />information provided by the Borrower or its affiliates and represent our professional <br />judgment based on the stated facts as of the date of this Certification. These amounts will <br />change if there is a change in the basis in land, building, land improvements, or personal <br />property. <br />5. I swear under penalty of perjury that the information I have provided is true and accurate <br />to the best of my knowledge, information and belief, as of the date of this Certification.