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On March 11, 2020, the World Health Organization proclaimed the Coronavirus (COVID-19) to be a pandemic. The <br />continually changing conditions resulting from the pandemic have created significant, ongoing volatility in the <br />financial markets. It is not known what impact this may have on the City’s ability to issue the proposed Bonds on <br />the timeline, at the interest rate estimates, or under the method of sale presented in this Pre-Sale Summary. This <br />document and corresponding schedules are based on estimates made at the time this document was prepared. In <br />the time leading up to the City’s sale, Baker Tilly Municipal Advisors will continually monitor the market on the City’s <br />behalf and will work with the City to address issues and/or identify alternative approaches to the City’s financing. <br /> <br />COVID -19 Impacts <br />Alternative Methods of Sale:As part of the Parameters Resolution authorizing the issuance of the Series 2020A <br />Bonds,the Council has approved the use of alternative methods of issuance for the Series 2020A Bonds in light <br />of the current Pandemic.These alternatives may be used in the event that they are determined to be beneficial <br />to the City in lieu of a competitive public offering process. <br />•Competitive <br />•Negotiated <br />•Negotiated Private Places