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jm 16 '98 0?:i8PM EHLERS S ASSOCIATES P.l/S <br />7 :L. J Ehlers & Associates, Inc, <br />3060 Centre Pointe Drive <br />Roseville. MN 55 1J3-J JOS <br />(612) 697-8500 <br />Fax: (612) 697-8555 <br />FAX TRANSMISSION COVER SHEEl^I <br />Date: <br />To: <br />fax: <br />Sender: <br />January 16, 1998 <br />Tom Kuehn: Finance Director <br />473-0510 <br />Bob Ehlers: Ehlers A Associates, Inc. <br />YOU SHOULD RECEIVE PAGEiS). INCLUDING THIS COVER SHEET. IF YOU DO <br />_________not receive all the paces , please CALL (612) 339-8291. <br />COMMENTS: <br />Tom, enclosed are four pages outlining the potential savings from refinancing your existing lease <br />financing. Savings net of all expenses are estimated at $119,540 with a present value benefit of <br />$87,948. The ratio to bonds refunded is 3.767%. Carolyn will be back in the office on Monday. <br />Please call either of us if you have any questions. <br />From the desk of... <br />Robert Ehlers, Jr. <br />Vice President/Financial Advisor, CIPF.\ <br />Ehlers & Associates, Inc. <br />3060 Centre Pointe Drive <br />Roseville, MN 55113-1105