Agenda - Council - 08/13/2013 - Laserfiche WebLink

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Issuer, the Borrower, and the School (or their respective counsel) the information and statements contained in the Official Statement, but we have not independently investigated or verified the accuracy or completeness of the statements and information contained in the Official Statement. As to the matters discussed in the Official Statement under the captions "DESCRIPTION OF THE SERIES 2013 BONDS," "SECURITY FOR THE SERIES 2013 BONDS," and "TAX MATTERS," Appendix E: "DEFINITIONS," "THE LOAN AGREEMENT," "THE INDENTURE," "THE MORTGAGE," and "THE PLEDGE AGREEMENT" we have relied on an opinion, dated the date hereof, of Briggs & Morgan, P.A., Minneapolis, Bond Counsel, and the certificates referred to above as to the accuracy of the statements contained therein. As to matters discussed in the Official Statement under the captions "THE ISSUER" and "LITIGATION" (with respect to the Issuer only), we have relied on the certificates referred to above as to the accuracy of the statements contained therein. As to matters discussed in the Official Statement under the captions, "SUMMARY OF INFORMATION," "INTRODUCTORY STATEMENT," "BONDHOLDERS' RISKS," "THE COMPANY," "THE SCHOOL," "THE PROJECT," "SOURCES AND USES OF FUNDS," "LITIGATION," Appendix A: "THE COMPANY, THE SCHOOL, AND THE PROJECT," Appendix D: "CHARTER AGREEMENT WITHOUT EXHIBITS" and Appendix E: "THE LEASE" and "THE PLEDGE AGREEMENT" in the Official Statement we have relied on an opinion, dated the date hereof, of John Cairns Law, P.A., Minneapolis, Minnesota, counsel to the Borrower and the School, and the certificates referred to above as to the accuracy of the statements contained therein. Based on the foregoing, nothing has come to our attention which would lead us to believe that the Official Statement (except with respect to any financial or statistical data or forecasts, and information about DTC contained in or omitted from the Official Statement on which we express no opinion) contains any untrue statement of material fact or omits to state any material fact necessary to make the statements therein, in light of the circumstances under which they are made, not misleading. This opinion is furnished solely for the benefit of the Underwriter and it may not be relied upon, used, circulated, quoted or otherwise referred to by any other person without our prior written consent. 01571S1204369''16776T 1 Very truly yours, BEST & FLANAGAN LLP D-2