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001 rx►�rtirsa�n�►r�rYnr r►nm <br /> Mr. Paul Moe <br /> Minnesota Department of Trade <br /> and Economic Development <br /> Division of Community Development <br /> 500 Metro Square <br /> 12 1 7th Place East <br /> St. Paul, Minnesota 55101 <br /> Re: City of Roseville, Minnesota ---- $4500,000 Private School Facility Revenue <br /> Bonds (Concordia Academy Information/Technology Addition Project), Series <br /> 2001 <br /> Dear Mr. Moe: <br /> Our firm has been engaged to act as bond counsel in connection with the issuance of the <br /> above-referenced Bonds. This is to advise you that our firm has reviewed the attached <br /> resolution, the feasibility letter of Premier Bank, the application of the City of Roseville, <br /> Minnesota, and the letter of transmittal from the City. Based upon a review of that material it is <br /> our opinion that the Project referred to therein constitutes a project within the meaning of <br /> Minnesota Statutes, Section 469.153, Subdivision 2(b), and that the proposed financing thereof <br /> as set forth in the attached resolution is authorized by law. <br /> The applicable exemption under the Internal Revenue Code is Section 145, for qualified <br /> 50 1(c)(3) bonds. The requirements of federal law as to the public hearing and notice thereof <br /> have been met to our satisfaction at this stage of the proposed financing. <br /> Please do not hesitate to give me a call if there are any questions. <br /> Very truly yours, <br /> Mary L. Ipp e 1 <br /> Enclosures <br /> 1343469vl <br />