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Securities and Exchange Commission because the Certificate is <br />issued in the aggregate principal amount of less than $1,000,000. <br />Consequently, the City is not covenanting to provide and will not <br />provide annual financial information, notices of certain material <br />events or any other disclosure or information which would <br />otherwise be required by that Rule. <br /> <br />Adopted by the Elk River City Council on April 28, 1997. <br /> <br />349593.1 10 <br /> <br /> <br />