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FAEGRE & BENSON APPENDIX <br />2200 NORWEST CENTEI7 <br />90 SOUTH SEVENTH STREET <br />MINNEAPOLIS. MINNESOTA 55402.3901 <br />61t'))6-3000 <br />TELECO-ER 3)6-JCt6 <br />TELC■ 6t6111 <br />SUITE ..So, 6600 TOWER 10 CASTCMCA► 2600 RE•USLIC PLAZA <br />6600 NORMANDALE LAME OOULCVARO LONOON EC)M ICT, ENGLAND 370 SEVENTEENTH 6TRCCT <br />6LOOMINOTON,NINMCSOTA 66637-1076 0,, 683-6163 OENVER,COLONA00 00808-4004 <br />61t/981-2800 T[L[COIICR 683 3177 )0)/!6t -ssso <br />TCLCCOrICR stI -2866 TELC. 60I1064 T <br />[LtCO rI[R 56t-f6s) <br />$2,300,000 General Obligation Water and Sewer Revenue Bonds, <br />Series 1989 <br />City of Orono, Minnesota <br />We have acted as bond counsel in connection with the <br />issuance by the City of Orono, Minnesota, of its General <br />Obligation Water and Sewer Revenue Bonds, Series 19P9, dated <br />September 16, 1989 in the aggregate principal amount of <br />$2,300,000, consisting of fully registered bonds numbered from <br />R-1 upwards in denominations of $5,000 or any integral multiple <br />thereof, which bonds mature on February 1 in each of the years <br />and in the amounts and bear interest at the rates per annum <br />according to years of maturity as follows: <br />Interest <br />Interest <br />Year <br />Amount <br />Rates <br />Year <br />Amount <br />_RA-te <br />1993 <br />$175,000 <br />% <br />1998 <br />$225,000 <br />% <br />1994 <br />175,000 <br />% <br />1999 <br />250,000 <br />% <br />1995 <br />200,000 <br />% <br />2000 <br />275,000 <br />% <br />1996 <br />200,000 <br />% <br />2001 <br />275,000 <br />% <br />1997 <br />225,000 <br />% <br />2002 <br />300,000 <br />% <br />all bonds maturing on or after February 1, 1997 being subject <br />to redemption and prior payment at the option of the Cit,,, in <br />whole or in part, in inverse order of maturity on February 1, <br />1996 and any interest payment date thereafter at par plus <br />accrued interest, interest payable August 1, 1990 and <br />semiannually thereafter on February 1 and August 1 in each year <br />by check or draft mailed to the registered holders, and <br />principal payable upon presentation at the main office of <br />- -- — in -- - -- ( the <br />"Bonds"). <br />We have examined such certified proceedings, documents <br />and certifications of public officials as we deem necessary to <br />render this opinion, including the form of the Bonds and a <br />resolution of the City Council adopted on September 11, 1989 <br />(the "Bond Resolution"). As to questions of fact material to <br />our opinion, we have relied upon such certified proceedings, <br />