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FINANCE DIRECTOR'S RECEIPT <br />I, the undersigned, being the duly qualified and acting Finance Director of the City of <br />Ramsey, Minnesota, DO HEREBY CERTIFY AND ACKNOWLEDGE that on the date hereof, <br />I received from <br />in <br />, the purchaser of $7,420,000 Taxable General <br />Obligation Tax Increment Bonds, Series 2012B, dated June 5, 2012 as the date of original issue, <br />the purchase price thereof, no interest having accrued thereon from the date of issuance thereof <br />and that I did thereupon deliver the Bonds to the purchaser. <br />Dated: June , 2012. <br />CITY OF RAMSEY, MINNESOTA <br />Finance Director <br />4590579v1 <br />