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EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE * * * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, County of Ramsey, State of Minnesota was duly held on the 27th of September, 1993 at 7:30 p.m. The following members were present: P. Johnson, Cushman, Maschka, Goedeke, and V. Johnson, and the following were absent: None. Member Cushman introduced the following resolution and moved its adoption: RESOLUTION 8994 RESOLUTION SUBMITTING REQUIREMENTS FOR CERTIFICATE OF RECOGNITION FROM THE NATIONAL FEDERATION OF MUNICIPAL ANALYSTS NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, Minnesota, as follows: WHEREAS, the City of Roseville ("the issuer") has outstanding securities in the state and local government securities market; and WHEREAS, the Issuer appreciates the support of the investment community for the financing efforts of the Issuer; and WHEREAS, the maintenance of ratings for the Issuer's securities depend in part upon the continued availability of information to the rating agencies; and WHEREAS, the Issuer has been informed that the liquidity of its securities in the secondary market may be affected by the availability of information and maintenance of ratings; NOW, THEREFORE, the Issuer hereby makes the following commitments to its investors: 1. The Issuer (or the Issuer's Agent) will provide annual audited financial statements and other credit information pertinent to the Issuer's outstanding securities to one or more major information providers in the state and local government securities market. 2. Appropriate periodic credit information necessary for maintaining the rating(s) on the securities will be provided by the Issuer to the rating agency (ies) . 3. A statement will be made by the Issuer in the introduction to its official statements evidencing the commitments made herein.