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DOIRSEY & WHITNEY <br /> A P� ....Hfr lwc—Mo Psoressmxwc CIIPOH noxs <br /> NEW YORK PILLSBURY CENTER SOUTH ROCHESTER,MN <br /> WASHINGTON, D. C. 220 SOUTH SIXTH STREET BILLINGS <br /> MINNEAPOLIS, MINNESOTA 55402-1498 <br /> DENVER 612) 340-2600 GREAT FALLS <br /> FAX 612)340-2868 <br /> ORANGE COUNTY, CA MISSOULA <br /> LONDON DES MOINES <br /> JEit011E P.CiIIld(iAN <br /> BRUSSELS (614 340-2M FARGO <br /> January 3, 1995 <br /> Mr. Michael Mornson <br /> City Manager <br /> City of St. Anthony <br /> 3301 Silver Lake Road <br /> St. Anthony, Minnesota 55418 <br /> Re: Proposed Issuance of General Obligation <br /> Improvement Bonds, Series 1995A (the 'Bonds") <br /> • Dear Mike: <br /> We have been advised that the City is considering the issuance of the <br /> above-referenced Bonds and.has retained our firm to act as bond counsel for the City <br /> in connection with the issuance of the Bonds. The purpose of this letter is to discuss <br /> our engagement as bond counsel in connection with the issuance of the Bonds. We <br /> appreciate very much the continued employment by the City of our firm as bond <br /> counsel. <br /> As bond counsel we are engaged to render an objective legal opinion <br /> with respect to the authorization and issuance of bonds. As bond counsel, we will: <br /> examine applicable law; prepare authorizing and operative resolutions and closing <br /> certificates; consult with the parties to the transaction prior to the issuance of the <br /> Bonds; review certified proceedings; and undertake such additional duties as we <br /> deem necessary to render our. approving opinion. Subject to the completion of <br /> proceedings to our satisfaction; we will render our opinion that: <br /> (1) the Bonds are valid and binding general obligations of the City; <br /> and <br /> (2) the interest paid on the Bonds will be: (i) excluded from gross <br /> income for federal income tax purposes, and (ii) excluded from taxable net <br /> • <br />