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STATE OF MINNESOTA <br />CITY OF HUGO <br />COUNTY OF WASHINGTON <br />I, the undersigned, being the duly qualified and acting Clerk -Treasurer of the City <br />of Hugo, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing <br />extract of minutes with the original thereof on file in my office, and that the same is a full, true <br />and complete transcript of the minutes of a meeting of the City Council of said City, duly called <br />and held on the date therein indicated, insofar as such minutes relate to considering proposals for, <br />and awarding the sale of, $1,015,000 General Obligation Temporary Improvement Bonds, Series <br />2000B of said City. <br />WITNESS my hand this 6th day of November, 2000. <br />Clerk -T urer <br />1222136.1 25 <br />