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RATING <br /> An application for a rating of the Bonds has been made to Moody's Investors Service <br /> ("Moody's"), 99 Church Street, New York, New York. If a rating is assigned, it will reflect only <br /> the opinion of Moody's. Any explanation of the significance of the rating may be obtained only <br /> from Moody's. <br /> There is no assurance that a rating, if assigned, will continue for any given period of time, or <br /> that such rating will not be revised or withdrawn, if in the judgment of Moody's, circumstances <br /> so warrant. A revision or withdrawal of the rating may have an adverse effect on the market <br /> price of the Bonds. <br /> FINANCIAL ADVISOR <br /> The City has retained Springsted Incorporated, Public Finance Advisors, of St. Paul, Minnesota, <br /> as financial advisor (the "Financial Advisor") in connection with the issuance of the Bonds. In <br /> preparing the Official Statement, the Financial Advisor has relied upon governmental officials <br /> who have access to relevant data to provide accurate information for the Official Statement, <br /> and the Financial Advisor has not been engaged, nor has it undertaken, to independently verify <br /> the accuracy of such information. The Financial Advisor is not a public accounting firm and has <br /> not been engaged by the City to compile, review, examine or audit any information in the <br /> Official Statement in accordance with accounting standards. The Financial Advisor is an <br /> independent advisory firm and is not engaged in the business of underwriting, trading or <br /> distributing municipal securities or other public securities and therefore will not participate in the <br /> underwriting of the Bonds. <br /> CERTIFICATION <br /> The City has authorized the distribution of this Official Statement for use in connection with the <br /> initial sale of the Bonds. <br /> As of the date of the settlement of the Bonds, the Purchaser will be furnished with a certificate <br /> signed by the appropriate officers of the City. The certificate will state that as of the date of the <br /> Official Statement, the Official Statement did not and does not as of the date of the certificate <br /> contain any untrue statement of material fact or omit to state a material fact necessary in order <br /> to make the statements made therein, in light of the circumstances under which they were <br /> made, not misleading. <br /> - 6 - <br />