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IIC <br />EHLERS <br />0 LEADERS IN PUBLIC FINANCE <br />February 28, 2012 <br />Pre -Sale Report for <br />Up to $7,450,000 Taxable General Obligation Tax <br />Increment Bonds, Series 2012 <br />City of Ramsey, Minnesota <br />Prepared and Presented by: <br />Stacie Kvilvang <br />Executive Vice President <br />And <br />Mark Ruff <br />Executive Vice President <br />Debt Issuance Services <br />www.ehlers- inc.com <br />Minnesota phone 651 - 697 -8500 3060 Centre Pointe Drive <br />Offices also in Wisconsin and Illinois fax 651 - 697 -8555 Roseville, MN 5511 3 -11 22 <br />toll free 800 - 552 -1171 <br />