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EXIIIBIT A <br />Declaration of Official Intent <br />The undersigned, being the duly appointed and acting City Administrator of the City of Little <br />Canada, Minnesota (the "City "), pursuant to and for purposes of compliance with Treasury Regulations, <br />Section 1.150 -2 (the "Regulations "), under the Internal Revenue Code of 1986, as amended, hereby states <br />and certifies on behalf of the City as follows: <br />1. The undersigned has been and is on the date hereof duly authorized by the City Council to make <br />and execute this Declaration of Official Intent (the "Declaration ") for and on behalf of the City. <br />2. This Declaration relates to the following project, property or program (the "Project ") and the <br />costs thereof to be financed: 2007 Street Reconstruction and Utility Improvements <br />3. The City reasonably expects to reimburse itself for the payment of certain costs of the Project out <br />of the proceeds of a bond issue or similar borrowing (the "Bonds ") to be issued by the City after the date <br />of payment of such costs. As of the date hereof, the City reasonably expects that $ 3,525,000 is the <br />maximum principal amount of the Bonds which will be issued to finance the Project. <br />4. Each expenditure to be reimbursed from the Bonds is or will be a capital expenditure or a cost of <br />issuance, or any of the other types of expenditures described in Section 1.150- 2(d)(3) of the Regulations. <br />5. As of the date hereof, the statements and expectations contained in this Declaration are believed <br />to be reasonable and accurate. <br />Date: <br />1 <br />3 <br />City Administrator <br />City of Little Canada, Minnesota <br />