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ss ; <br /> CERTIFICATE REGARDING INVESTMENT AGREEMENT BIDS <br /> (Project Fund/Reserve Fund) <br /> City of Orono, Minnesota <br /> Senior Housing Revenue Bonds <br /> (Orono Woods Apartment Project) <br /> Series 2001 <br /> The undersigned of Miller Johnson Steichen Kinnard, Inc. hereby <br /> certifies as follows in connection with the above referenced financing: <br /> We have solicited and received bids from not less than three investment agreement <br /> providers. Bidders bid a yield to the final maturity and the winner was selected based on the <br /> bona fide highest yield. <br /> PROVIDER RATE <br /> *Winning Bidder <br /> In addition, we also solicited bids from the following providers and received no <br /> response or no bid: <br /> These bids were solicited on a competitive basis and represent current market rates. <br /> C:\temp\tempmail.doc U-3 <br />