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<br />GARY A. LAPALME, C.P.A. <br />7200 HEMLOCK LN N STE 110 <br />MAPLE GROVE. MN 55369 <br />763-424-5330 <br /> <br />North Metro 1-35 W Corridor Coalition <br />8525 Edinbrook Crossing, Suite 5 <br />Brooklyn Park, MN 55443 <br /> <br />We have compiled the accompanying balance sheet of North Metro 1-35 W Corridor Coalition as of <br />December 31,2001, and the related statements of income for One Month and Twelve Months Ended <br />as of December 31,2001 in accordance with Statements on Standards for Accounting and Review <br />Services issued by the American Institute of Certified Public Accountants. <br /> <br />A compilation is limited to presenting in the form of financial statements information that is the <br />representation of management. We have not audited or reviewed the accompanying financial statements <br />and, accordingly, do not express an opinion or any other form of assurance on them. <br /> <br />Management has elected to omit substantially all of the disclosures and the statement of cash flows <br />required by generally accepted accounting principles. If the omitted disclosures and statement of cash <br />flows were included in the financial statements, they might influence the user's conclusion about the <br />company's financial position, results of operations, and cash flows. Accordingly, these financial <br />statements are not designed for those who are not informed about such matters. <br /> <br />,/1 ~ I '~- <br />./~ {,(, ~~td.. <br />Gary A. LaPalme, c.P.A. <br /> <br />CPA-- <br /> <br />January 8, 2002 <br />