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r' t <br /> Tara & Moody <br /> Innovations <br /> The need for creative approaches to defined client needs has resulted in <br /> Juran & Moody being a leader of developing new methods of financing. <br /> For example; <br /> • We introduced Minnesota cities to lease - purchase financing with a city <br /> hall in West St. Paul. <br /> • We structured the first letter of credit enhanced bond issue sold in <br /> Minnesota. <br /> • We, as the financial advisor for the City of Cannon Falls, assisted with <br /> the first tax- exempt general obligation tax increment bond issue in <br /> Minnesota used to finance a city -owned industrial building. <br /> • We were the first underwriter to structure the use of the Industrial <br /> Development Revenue Bond as a tax- exempt mortgage. The result was <br /> simplification of the issuance process and an increase in private <br /> placements with substantial savings to the bond issues. <br /> • We were the first financial advisors to effectively handle a Full Cash <br /> Defeasance Bond program. <br /> • We co- managed the issuance of $4.750,000 Pollution Control Bonds <br /> by the City of Hoyt Lakes, Minnesota for the Minnesota Power & <br /> Light Company's facilities in Hoyt Lakes. It was one of the first tax - <br /> exempt revenue bond issues of its kind in the Country. <br /> Duran & Moody's core financial advisory business has been focused on <br /> cities. Juran & Moody brings to the City of Centerville the multiplicity <br /> of experience and knowledge gained through our relationships with cities <br /> comparable to Centerville. <br /> 4 <br /> i <br /> City of Centerville. Minnesota - 3 <br /> a'' <br />