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To the City Council of the City of Ramsey, Anoka County, Minnesota <br /> <br />Attn: City Administrator <br /> Re: $90,000 General Obligation Equipment Certificates, Series 1984 <br /> <br /> The undersigned, as Purchaser of $90,000 in principal amount of the <br />above-captioned Certificates (the "Certificates") pursuant to a resolution <br />of the City Council adopted on June 26, 1984 (the "Resolution"), hereby <br />represents to you and to LeFevere, Lefler, Kennedy, O'Brien & Drawz, a <br />Professional Association, Minneapolis, Minnesota, as follows: <br /> <br /> 1. We have sufficient knowledge and experience in financial and <br />business matters, including purchase and ownership of municipal and other <br />tax-exempt obligations, to be able to evaluate the risks and merits of the <br />investment represented by the purchase of the above-stated principal amount <br />of the Certificates. <br /> <br /> 2. We understand that the Certificates are payable as to principal <br />and interest from ad valorem tax levies on all taxable property in the <br />City. <br /> <br /> 3. We acknowledge that we have either been supplied with or have <br />access to information, including financial statements and other financial <br />information, to which a reasonable investor would attach significance in <br />making investment decisions, and we have had the opportunity to ask ques- <br />tions and receive answers from knowledgeable individuals concerning the <br />City, the Certificates and the security therefor, so that as a reasonable <br />investor we have been able to make our decision to purchase the above- <br />stated principal amount of the Certificates. <br /> <br /> 4. We represent to you that we are purchasing the Certificates for <br />our own account and for resale or other distribution thereof. <br /> <br />Dated: <br /> <br /> Purchaser <br /> <br />By: <br /> <br />Its <br /> <br />15 <br /> <br /> <br />