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<br />INFORMATION FROM <br />SUCCESSFUL BIDDER: <br /> <br />The successful bidder will be required to provide, in a timely manner, <br />certain infonnation relating to the initial offering price of the Bonds <br />necessary to compute the yield on the Bonds pursuant to the provisions of <br />the Internal Revenue Code of 1986, as amended. <br /> <br />OFFICIAL STATEMENT: <br /> <br />By awarding the Bonds to any underwriter or underwriting syndicate <br />submitting a proposal therefore, the City agrees that, no more than seven <br />business days after the date of such award, it shall provide to the senior <br />managing underwriter of the syndicate to which the Bonds are awarded, <br />the Final Official Statement in an electronic fonnat as prescribed by the <br />Municipal Securities Rulemaking Board (MSRB). <br /> <br />FULL CONTINUING DISCLOSURE <br />UNDERTAKING: The City will covenant in the resolution awarding the sale of the Bonds <br />and in a Continuing Disclosure Undertaking to provide, or cause to be <br />provided, annual financial infonnation, including audited financial <br />statements of the City, and notices of certain material events, as required <br />by SEC Rule 15c2-12. <br /> <br />The City reserves the right to reject any and all proposals, to waive infonnalities and to adjourn the sale. <br /> <br />Dated: August 26, 2009 <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />Is! Dallas Larson <br />Administrator <br /> <br />Additional infonnation may be obtained from: <br /> <br />Northland Securities, Inc. <br />45 South 7"' Street, Suite 2000 <br />Minneapolis, Minnesota 55402 <br />Telephone No.: (612) 851-5900 <br />