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CologneOffice: <br />10555 Orchard Road <br />DDA <br />Cologne, MN 55322 <br />David Drown Associates, Inc. <br />Phone: (952) 356-2992 <br />shannon@daviddrown.com <br />Public Finance Advisors <br />To:Brookings-Southeast Twin Cities TransmissionProject - Major Participants <br />Cities of Blue Earth, Elk River,Sleepy Eye, Willmar,and Windom <br />From: Shannon Sweeney, David Drown Associates, Inc. <br />Date: September 7, 2021 <br />Re: Refinance of 2012A Revenue Bonds <br />Greetings Brooking-Southeast Twin Cities Transmission Project – Major Participants. As you <br />may be aware Central Minnesota Municipal Power Agency has initiated the process to refinance <br />the 2012A Bondsthat funded the transmission project, as we believe significant savings can be <br />achieved based on current market conditions. A preliminary offering document for the new bond <br />issue has been prepared and is attached for your review. <br />We request that youreview the preliminary official statement to determine if any of the <br />information requires further updating. As a “Major Participant” in the project we ask that you <br />pay particular attention to Exhibit Aof the Preliminary Official Statement, which provides <br />more specific information regarding your community. Some of the informationin Exhibit A <br />has not been updated in a while and we are hoping you can assist in that process by reviewing <br />and updating the section that pertains to your community andletting us know of any materials <br />changes that should be disclosed in the Preliminary Official Statement. <br />Once you have completed your review and have updated information pertaining to your <br />community andhave identified any otherpotential modifications to the preliminary official <br />statement(if any), we would ask that you complete and execute the attached “Certificate of <br />Utility System Officer and Other City Official”and provide your comments and the attached <br />certificate to Malinda Hibben, Chief Financial Officer, CMPAS. <br />If you have any questions regarding the documents provided, please contact me at the <br />email/phone information provided above. We would like to have this review completed and <br />certificates returned by Friday, September 24, 2021. You can provide the requested certificate <br />and document comments by 1) Hand delivering them to Malinda Hibben at the September 13, <br />2021 CMMPA board meeting; or 2) Mailing them via U.S. Mail to CMMPA, Attn: Malinda Hibben, <br />CFO, 7550 Corporate Way, Suite 100, Eden Prairie, MN 55344. <br />Thank you in advance for your time and assistance as it is appreciated. <br /> <br />37 <br />