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<br />- 8 - <br />RATING <br /> <br /> <br />Application for a rating of the Bonds has been made to S&P Global Ratings (“S&P”), 55 Water Street, New <br />York, New York. If a rating is assigned, it will reflect only the opinion of S&P. Any explanation of the <br />significance of the rating may be obtained only from S&P. <br /> <br />There is no assurance that a rating, if assigned, will continue for any given period of time, or that such <br />rating will not be revised, suspended or withdrawn, if, in the judgment of S&P, circumstances so warrant. <br />A revision, suspension or withdrawal of a rating may have an adverse effect on the market price of the <br />Bonds. <br /> <br /> <br /> MUNICIPAL ADVISOR <br /> <br /> <br />The City has retained Baker Tilly Municipal Advisors, LLC, of Saint Paul, Minnesota as municipal advisor <br />in connection with certain aspects of the issuance of the Bonds. In preparing this Official Statement, Baker <br />Tilly Municipal Advisors, LLC has relied upon governmental officials, and other sources, who have access <br />to relevant data to provide accurate information for this Official Statement. Baker Tilly Municipal <br />Advisors, LLC has not been engaged, nor has it undertaken, to independently verify the accuracy of such <br />information. Baker Tilly Municipal Advisors, LLC is an independent advisory firm, registered as a <br />municipal advisor, and is not engaged in the business of underwriting, trading or distributing municipal <br />securities or other public securities. <br /> <br /> <br /> CERTIFICATION <br /> <br /> <br />The City has authorized the distribution of the Preliminary Official Statement for use in connection with <br />the initial sale of the Bonds and a Final Official Statement following award of the Bonds. The Purchaser <br />will be furnished with a certificate signed by the appropriate officers of the City stating that the City <br />examined each document and that, as of the respective date of each document and the date of such <br />certificate, each document did not and does not contain any untrue statement of material fact or omit to <br />state a material fact necessary, in order to make the statements made therein, in light of the circumstances <br />under which they were made, not misleading.