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EHLERS <br />& ASSOCIATES INC <br />Dear Elected Official: <br />At your direction, we have prepared the enclosed preliminary Official Statement describing this <br />financial transaction, which must meet the Securities and Exchange Commission disclosure <br />requirements. This Official Statement is also being distributed to potential bidders who will rely <br />on the contents of this document in assessing the security of this issue before submitting their bid. <br />The resolution you will consider when you award the sale of this offering to the successful bidder <br />will ask you to approve the contents of this Official Statement by designating it as the "Final <br />Official Statement ". <br />"A Pocket Guide for Elected and Other Public Officials" prepared by the National League of <br />Cities; National Association of Counties; National Association of State Auditors, Comptrollers, <br />and Treasurers; and the Government Finance Officers Association with input from the Securities <br />and Exchange Commission recommends that municipal officials ask the following questions of <br />outside professionals who produce disclosure documents for the sale of municipal obligations. <br />I. What is the nature or scope of the written opinion or certification, if any, that you are <br />giving in this transaction and relating to the disclosure document? Have we given <br />you access to the information you need? <br />2. Have you explained to us all aspects of the structure or nature of this transaction so <br />that you are confident we fully understand all critical aspects? Does our official <br />statement adequately address any concerns you have about this transaction that a <br />reasonable investor would consider important? <br />3. Are there any matters regarding your participation in this transaction about which <br />you should make us aware, including potential conflicts of interest? <br />4. Has your review of the relevant financial documents and other materials, including <br />the official statement, raised any concerns regarding this borrowing? Do these <br />concerns need to be disclosed? <br />5. Are you aware of any circumstances in which we, our staff, or others have not <br />complied with our procedures so that we can make sure that our official statement <br />adequately and accurately describes this transaction? <br />We hope Ehlers has answered these questions prior to or within this document. If not, please feel <br />free to contact us. Please review the contents of the Official Statement, and let us know within <br />one week if any changes are necessary to this Official Statement. <br />Yours Truly, <br />EHLERS & ASSOCIATES, INC. <br />cc: Administrator <br />Equal Opportunity Employer <br />L E A D E R S IN P U B L I C F I N A N C E <br />Charter Member of the National Association <br />of Independent Public Finance Advisors <br />3060 Centre Pointe Drive, Roseville, MN 55113 -1105 651.697.8500 fax 651.697.8555 www.ehlers- inc.com <br />