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DORSEY & WHITNEY LLP MINNEAPOLIS PILLSBURY CF-NTF-B, SOUTH NEW YOFILK WASHINGTON.D.C. 220 SOUTH StX tH STREET DENVER, LONDON MlNNEA?OLIS, MfNNESOTA .55402-1498 SEATTLE BRUSSELS TELEPHOi iE: (612) 340-2600 FAR DO HONG KONG FAX: (612) 340-2868 DES MOINES JEROME P.GILLIGAN EILLFfVGS R0CHESTEp- (61+x)3410'2962 MASSOVLA - FAX(6 1 2)240-2644 COSTA, es�► gillgan.jeramorseylaw.com � � �` F=wt�� i July 7, 1998 Mr. Edward Burrell Finance Director City of Roseville 2660 Civic Center Driv'e Roseville, MN 55113 Ike: Proposed Revenue Bonds for Children's Hospitals and Clinics Dear Mr. Burrell: Children's Hospitals and Clinics is locating a new technology center at 2 9 10 Centre Point Road in the City of Roseville which will serve its hospital facilities in St. Paul and Minneapolis, as well as cerWn of its other facilities in the Twin itie"s'area. Children7s is -proposing to finance the acquisition and installation of equipment to be located in the technology center with tax-exempt revenue bonds to be issued pursuant to Minnesota Statutes, Section 469,152 to 469.165. In additions to fiha n' sing the equipment to be installed at the technology center, Children's is also proposing to finance with tax-exempt revenue bonds improvements to Children's-Minneapolis Medical Center in Minneapolis and equipment to be installed in the medical enter. Our firm is acting,a counsel to the underwriter, Piper JaMay Inc., in connections With t�e pr9posed bonds, and in such capacity will be rendering the opinion of bond counsel as to the vididity and tax exemption of the bonds. Children's is requesting that the City of Minneapolis.issue bonds to finance both the-Mffi eapolis and Roseville projects. Issuing the bonds in a single series of bonds by one municipality, allows Children's to achieve certain economies and reduce costs of issuance. Minnesota law permits'cities to enter into agreements whereby one city issues bonds to finance a project on behalf of the other city.