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<br /> <br /> <br /> <br />Presale Report <br />City of St. Anthony, Minnesota <br />November 10, 2015 <br />Page 4 <br /> <br />Paying Agent: Bond Trust Services Corporation <br />Rating Agency: Standard & Poor’s <br />CPA Escrow Verification Agent: Grant Thorton <br />Escrow Agent: US Bank <br />Bidding Agent: Ehlers Investment Partners <br /> <br />This presale report summarizes our understanding of the City’s objectives for the structure and terms of this <br />financing as of this date. As additional facts become known or capital markets conditions change, we may need <br />to modify the structure and/or terms of this financing to achieve results consistent with the City’s objectives. <br /> <br />119