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.e COMPLIANCE WITH S.E.C. RULE 15c2.12 Municipal obligations (issued in an aggregate amount over $1,000,000) are subject to General Rules and Regulations, Securities Exchange Act Of 1934, Rule 15c2 -12 Municipal Securities Disclosure (the "Rule "). Official Statement: This Official Statement was prepared for the Issuer for dissemination to potential customers. Its primary purpose is to disclose information regarding the Obligations to prospective underwriters in the interest of receiving competitive proposals in accordance with _ the sale notice contained herein. Unless an addendum is received prior to the sale, this document shall be deemed the "Near Final Official Statement'. Review Period: This Official Statement has been distributed to members of the legislative body and other public officials of the Issuer as well as to prospective bidders for an objective review of its disclosure. Comments or omissions or inaccuracies must be submitted to Ehlers & Associates at least two business days prior to the sale. Requests for additional information or corrections in the Official Statement received on or before this date will not be considered a qualification of a proposal received from an underwriter. If there are any changes, corrections or additions to the Official Statement, interested bidders will be informed by an addendum at least one business day prior to the sale. Final Official Statement: Upon award of sale of the Obligations, the legislative body will authorize the preparation of an addendum to the Official Statement that includes the offering prices, interest rates, aggregate principal amount, principal amount per maturity, anticipated delivery date and other information required by law and the identity of the Syndicate Manager and Syndicate Members. This addendum, together with any previous addendum of corrections or additions to the Official Statement, shalt be deemed the complete Final Official Statement. Copies of the Final Official Statement will be delivered to the underwriter (Syndicate Manager) within seven business days following the proposal acceptance. Continuing Disclosure: Subject to certain exemptions, issues in an aggregate amount over $1,000,000 may be required to comply with provisions of the Securities Exchange Act of 1934 which require that issuers of municipal securities enter into agreements for the benefit of the owners of the securities to provide continuing disclosure with respect to the securities. Described in the Official Statement are the conditions under which the Issuer of these obligations is exempt or will comply with the Rule. REPRESENTATIONS No dealer, broker, salesperson or other person has been authorized by the Issuer to give any information or to make any representation other than those contained in the Official Statement and, if given or made, such other information or representations must not be relied upon as having been authorized by the Issuer. This Official Statement is not to be construed as a contract with the underwriter. Statements contained herein which involve estimates or matters of opinion are intended solely as such and are not to be construed as representations of fact. This Official Statement and any addenda thereto were prepared relying on information of the Issuer and other sources and, while believed to he reliable, are not guaranteed as to completeness or accuracy. Bond Counsel has not participated in the preparation of this Official Statement and is not expressing any opinion as to the completeness or accuracy of the information contained therein. Compensation of Ehlers & Associates, Inc., payable entirely by the Issuer, is contingent upon the sale of the issue. CLOSING CERTIFICATES Upon delivery of the Obligations, the purchaser (underwriter) will be furnished with the following items: (1) a certificate of the appropriate Officials to the effect that at the time of the sale of the Obligations and all times subsequent thereto up to and including the time of the delivery of the Obligations, this Official Statement did not and does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; (2) a receipt signed by the appropriate officer evidencing payment for the Obligations; (3) a certificate evidencing the due execution of the Obligations, including statements that (a) no litigation of any nature is pending, or to the knowledge of signers, threatened, restraining or enjoining the issuance and delivery of the Obligations. (b) neither the corporate existence or boundaries of the Issuer nor the title of the signers to their respective offices is being contested, and (c) no authority or proceedings for the issuance of the Obligations have been repealed, revoked or rescinded; and (4) a certificate setting forth facts and expectations of the Issuer which indicates that the Issuer does not expect to use the proceeds of the Obligations in a manner that would cause them to be arbitrage bonds within the meaning of Section 148 of the Internal Revenue Code of 1986, _ as amended, or within the meaning of applicable Treasury Regulations. ii