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JURAN & MOODY. INC. <br />Mr. Joseph Chlebeck b �:► <br />Little Canada, Minnesota 55117 OCT. ll =076 <br />October 1, 1976 CITY of <br />Page 2 LITTLE C'ANADA <br />the refunding bonds whether or not the actual benefits to the City were <br />substantial enough to justify the issuance of the bonds. <br />Therefore, we would advise the City that, while they may decide to pro- <br />ceed with the sale of these bonds, it would, in our opinion, be more <br />prudent to postpone or cancel --the sale of refunding bonds and not call <br />for the sale of refunding bonds until the new proposed regulations have <br />been received and assessed. <br />We will, of course, maintain contact with your staff to advise the <br />City of the new regulations as they are established. <br />LIM <br />JLH sc <br />M <br />Very truly yours, <br />MOODY, INC. <br />7 & <br />Jerome L. Hertel <br />