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• <br />• <br />• <br />INFORMATION FROM <br />PURCHASER: <br />QUALIFIED TAX <br />EXEMPT OBLIGATIONS: <br />CONTINUING DIS- <br />CLOSURE UNDERTAKING <br />The Issuer reserves the right to reject any and all proposals, to waive informalities and to adjourn <br />the sale. <br />Dated: November 28, 2000. <br />Additional information <br />may be obtained from: <br />JURAN & MOODY <br />1100 Minnesota World Trade Center <br />30 East Seventh Street <br />St. Paul, Minnesota 55101 -2091 <br />Telephone No.: (651) 224 -1500 <br />1231807.1 <br />The successful purchaser will be required to provide, in a <br />timely manner, certain information relating to the initial <br />offering price of the bonds necessary to compute the yield <br />on the bonds pursuant to the provisions of the Internal <br />Revenue Code of 1986, as amended. <br />The Issuer will designate the bonds as qualified tax exempt <br />obligations for purposes of Section 265(b)(3) of the Internal <br />Revenue Code of 1986, as amended. <br />The Issuer will covenant in the resolution awarding the sale <br />of the bonds and in a Continuing Disclosure Undertaking to <br />provide, or cause to be provided, annual financial <br />information, including audited financial statements of the <br />Issuer, and notices of certain material events, as required by <br />SEC Rule 15c2-12. <br />BY ORDER OF THE CITY COUNCIL <br />/s/ James E. Norman <br />City Administrator <br />A -5 <br />