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I <br />I <br /> <br />I <br />I <br />I <br />I <br />i <br />I <br />i <br />I <br />I <br />I <br />I <br /> <br />Mr. Lloyd Schnelle <br />City of Ramsey <br />Page 3 <br /> <br />Ultimately the procedures may win acceptance in the <br />bond market, however until that occurs the City will be <br />at a disadvantage in the issuance of bonds. <br /> <br />We have already commenced an evaluation of the proce- <br />dures required by the Charter and are developing a list <br />of proceedings necessary for issuance of improvement <br />bonds by the City of Ramsey. We look forward to <br />working with you on future issuances. <br /> <br />Sincerely yours, <br /> <br />LeFevere, Lefler, Kennedy, O'Brien <br /> & Drawz <br /> <br /> ~e'fr~ L~ <br /> <br />TLH:caw <br />cc: William Goodrich <br /> <br /> <br />