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STATE OF MINNESOTA ) <br />COUNTY OF RAMSEY ) SS. <br />CITY OF GEM LAKE ) <br />I, the undersigned, being the duly qualified and acting City Clerk of the City of Gem Lake, <br />Minnesota (the "City"), do hereby certify that I have carefully compared the attached and foregoing <br />extract of minutes of a regular meeting of the City Council of the City held on May 19, 2015, with the <br />original minutes on file in my office and the extract is a full, true and correct copy of the minutes insofar <br />as they relate to the issuance and sale of the City's General Obligation Refunding Bonds, Series 2015A, <br />in the original aggregate principal amount of $ <br />WITNESS My hand officially as such City Clerk and the corporate seal of the City this'W0day <br />of , 2015. <br />Jty Clerk <br />City of Gem Lake, Minnesota <br />(SEAL; <br />