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HomeMy WebLinkAboutMiller & Schroeder Municipals KUTAK ROCK & HUIE 700 PILLSBURY CENTER ATLANTA MINNEAPOLIS. MINNESOTA 55402 OMAHA 1200 STANDARD FEDERAL SAVINGS BUILDING ATLANTA,GEORGtA 30303 (104)622-8700 (612) 338 -7008 THE OMAHA BUIl.DING 1650 FARNAM STREET OMAHA, NEBRASKA 6Bl02 (402)348-8000 WASHINGTON DENVER 1330 COLORADO NATIONAL BUILDING DENVER, COLORADO B0202 (303) 534-1330 August 5, 1981 liar CONNECTICUT AVENUE,N.W. WASHINGTON, Q. C.20036 (202) 828-2400 Miller & Schroeder Municipals, Inc. Suite 170 7900 Xerxes Avenue South Minneapolis, Minnesota 55431 $6,000,000 City of Columbia Heights, Minnesota Commercial Development Revenue Bonds (Evenson Office Building Project) Sed es 1981 Gentlemen: We have acted as counsel to you (the "Underwri ter") in connection with your purchase of $6,000,000 principal amount of Commercial Development Revenue Bonds (Evenson Office Building Project) (the "Bonds") to be issued by the City of Columbia Heights, Minnesota (the "City") pursuant to the terms of an Indenture of Trust dated as of July 1, 1981 (the "Indenture" ), between the City and First Trust Company of Saint Paul, as t.rustee. As such counsel we have examined executed copies of (i) the Indenture, (ii) the Loan Agreement dated as of July 1, 1981, between the City and Terry Evenson (the "Obligor"), (iii) the Mortgage dated as of July 1, 1981, between the Obligor and the City, (iv) the Bond Purchase Agreement dated July 14, 1981, among the Underwriter, the City and the Obligor, (v) the Official Statement dated July 14, 1981 (the "Official Statement"), and (vi) such other documents as we have deemed np.cessary. In connection with the preparation of the Official Statement, we have generally reviewed information furnished to us by, and have participated in conferences with, repre- sentatives of the Obligor and his counsel. We have also reviewed other records relating to authorization, issuance and sale of the Bonds and have relied upon certificates of public officials and of the Obligor. We have considered the information contained in the Official Statement and, based upon our review and discussion, nothing has come to our KUTAK ROCK & HUIE August 5, 1981 Page Two attention which leads us to believe that the Official State- ment contains any untrue statement of a material fact, or omits to state a material fact necessary in order to make the statements made therein, and under the circumstances under which they were made, not misleading. We express no opinion as to any financial or statistical data included in the Official Statement. Very truly yours, !Gf4YU foe t ~ H t{A~