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TABLE OF CONTENTS <br />Page(s) <br />Terms of Proposal i -iv <br />Introductory Statement 1 <br />Continuing Disclosure 1 <br />The Bonds 2 <br />Authority and Purpose 4 <br />Security and Financing 4 <br />Future Financing 4 <br />Litigation 5 <br />Legality 5 <br />Tax Exemption 5 <br />Qualified Tax - Exempt Obligations 6 <br />Rating 6 <br />Financial Advisor 7 <br />Certification 7 <br />City Property Values 8 <br />City Indebtedness 9 <br />City Tax Rates, Levies and Collections 13 <br />Funds on Hand 13 <br />City Investments 14 <br />General Information Concerning the City 15 <br />Governmental Organization and Services 18 <br />Proposed Form of Legal Opinion Appendix I <br />Continuing Disclosure Certificate Appendix II <br />Summary of Tax Levies, Payment Provisions, and <br />Minnesota Real Property Valuation Appendix III <br />Excerpt of 2006 Annual Financial Statements Appendix IV <br />Proposal Forms Inserted <br />