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mentioned above, the issuance of the Note by the City of Columbia Heights will not affect the ability of the <br />City to issue and designate bonds as qualified tax-exempt obligations (or "bank -qualified bonds") for <br />purposes of Section 265(b)(3) of the Code. <br />The Borrower will pay the City's application fee for providing host approval and all costs of the <br />financing, including all attorneys' fees, with respect to this transaction. <br />My colleague Julie Eddington will attend the City Council meeting on May 29, 2018, and can <br />answer any questions that may arise during the meeting. Please contact me if you have questions regarding <br />the foregoing. <br />Sincerely, <br />Gina A. Fiorini <br />524498v1 GAF CL162-55 <br />