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Moody s Investors Service <br />August 17, 1995 <br />Mr. Randall Schumacher <br />City Administrator <br />City of Lino Lakes <br />1189 Main Street, City Hall <br />Lino Lakes, Minnesota 55014 <br />Dear Mr. Schumacher: <br />99 Church Street <br />New York, NY 10007 <br />We wish to inform you that our Rating Committee has reviewed and revised the rating of <br />the outstanding Lino Lakes, Minnesota General Obligation Bonds and of the outstanding Lino <br />Lakes Economic Development Authority, Public Project Revenue Bonds to Baa 1 from Baa. <br />In order that we may maintain this rating over the period of the loan, we will require <br />current financial information and other updating information. We will appreciate your continued <br />cooperation in the future. <br />Should you have any questions regarding the above, please do not hesitate to contact <br />Jerry Caden at (212) 553-0329. <br />JC.cn <br />cc: Mr. Gerard B. Shannon <br />Vice President <br />Springsted, Inc. <br />85 East Seventh PI., Ste. 100 <br />St. Paul, Minnesota 55101-2143 <br />Sincerely yours, <br />.7/ <br />Daniel N. Heimowitz <br />Executive Vice President <br />Director <br />Public Finance Department <br />