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STATE OF MINNESOTA ) <br />COUNTY OF RAMSEY ) <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, hereby certify that I have carefully compared the attached and foregoing extract of minutes of <br />a regular meeting of the City Council of the City held on July 31, 2006, with the original minutes on file <br />in my office and the extract is a full, true and correct copy of the minutes, insofar as they relate to the <br />issuance and sale of $245,000 General Obligation Improvement Bonds (2006 Road Improvement Project) <br />of 2006 of the City. <br />WITNESS My hand as City Clerk and the corporate seal of the City this day of <br />2006. <br />(SEAL) <br />City Clerk <br />City of Gem Lake, Minnesota <br />291520v3 MNI GE190-5 <br />