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I <br /> i <br /> I <br /> I <br /> I <br />I <br /> I <br /> <br /> I <br /> I <br /> I <br /> I <br /> i <br /> I <br /> <br />$2,045,000 General Obligation <br /> Improvement Bonds of 1984, Series II <br />City of Ramsey, Minnesota <br />Page Two <br /> <br /> We have not been asked and have not undertaken to <br />review the accuracy, compIeteness or sufficiency of the <br />official Statement or other offering material relating <br />to the Bonds, and accordingly we express no opinion <br />with respect thereto. <br /> <br />Dated at Minneapolis, Minnesota, <br /> <br />a Professional Association <br /> <br /> <br />