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Cover Letter Continued <br />The Firm is independent of the City as defined by auditing standards generally accepted in the United States of <br />America. <br />Abdo acknowledges the City has retained an independent registered municipal advisor (IRMA) to assist and advise <br />the City in evaluating information relating to the issuance of municipal securities and/or municipal financial products. <br />Abdo acknowledges the City will rely on advice from their IRMA. Abdo will have no recourse against the City or its <br />IRMA, regarding action or inaction relating to evaluating, commenting on, or responding to financial projects or <br />information received under this Agreement. Abdo acknowledges it is not the registered independent municipal advisor <br />retained by the Municipal Entity Client. <br />We look forward to meeting with you to discuss our proposal and appreciate this opportunity to present Abdo for your <br />consideration. We will contact you within two weeks to discuss your interest in our services and provide any further <br />information you may need. <br />Abdo <br />:Justin Nilson, CPA <br />Partner I Abdo <br />2213 <br />