HomeMy WebLinkAboutOrdinance #4454 - AUTHORIZING THE PURCHASE OF A NEW BACKHOE/LOADER FROM ALTORFER INC./AUTHORIZING SALE OR TRADE IN OF MUNICIPALLY OWNED EQUIPMENT STATE OF ILLINOIS).
) SS.
�.COUNTY OF FULTON)
CERTIFICATE
I, Andi Smith-Walters, certify that I am the duly elected City Clerk of
the CITY OF CANTON, FULTON COUNTY, ILLINOIS.
I further certify that on April 1. 2025, the City Council of such municipality
passed and approved.Ordinance #4454 entitled:
AN ORDINANCE AUTHORIZING THE PURCHASE OF A
NEW BACKHOE/LOADER FROM ALTORFER INC.AND AUTHORIZING THE SALE OR
TRADE-IN OF MUNICIPALLY OWNED EQUIPMENT
The ordinance attached is a true and correct copy of the ordinance adopted by Canton
City Council.
DATED AT CANTON, ILLINOIS, THIS 1st DAY OF April, 2025
Seal
ndi Smith-Walters, City Clerk
City of Canton, Illinois
ORDINANCE NO. 4454
AN ORDINANCE AUTHORIZING THE PURCHASE OF A
NEW BACKHOE/LOADER FROM ALTORFER INC.AND AUTHORIZING THE SALE
OR TRADE-IN OF MUNICIPALLY OWNED EQUIPMENT
WHEREAS,the City of Canton,Fulton County, Illinois ("City"), is a non-home rule unit
of government;
WHEREAS,the City is in need of a new backhoe/loader, to be used for public purposes,
particularly in the City's public works;
WHEREAS,the City has obtained a quote from Altorfer Inc., who competitively bid the
Backhoe(as defined below)through Sourcewell, a cooperative purchasing provider;
WHEREAS, the City Council of the City of Canton has determined that it is necessary
and in the best interests of the City to purchase one (1) new 420 XE 07A Backhoe Loader CFG1
and other options/accessories (`Backhoe") for the City of Canton; as described in "Exhibit A,"
from Altorfer Inc.
WHEREAS,the City owns a 2009 Case(Model 580SM3) (the"Old Backhoe")that is no
longer necessary or useful to the City;
WHEREAS, the City Council of the City of Canton has determined that it is necessary
and in the best interests of the City to sell or otherwise trade-in the Old Backhoe to Altorfer, Inc.
for the amount of$25,000.00.
NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND THE CITY
COUNCIL OF THE CITY OF CANTON,FULTON COUNTY, ILLINOIS AS FOLLOWS:
1. The City of Canton hereby finds as fact the recitals set forth above and are incorporated
herein as though fully set forth;
2. The bid for-the purchase of the Backhoe for$174,073.00,as described in"Exhibit A,"plus
necessary taxes, titles, and fees, is hereby APPROVED, subject to the sale and/or trade-in
of the Old Backhoe for an amount of$25,000.00;
3. The Mayor, or his designee, is hereby authorized to execute and deliver any and all
purchase agreements, purchase orders, or other documents necessary to purchase one (1)
Backhoe and sell or otherwise trade-in the Old Backhoe as described in"Exhibit A";
4. This Ordinance shall be in full force and effective,immediately upon its passage by the City
Council of the City of Canton and approval by the Mayor thereof.
PASSED AND APPROVED THIS 1 st day of April, 2025.
AYES: Alderpersons Chamberlin Grimm Lovell Nelson Hale Gossett Ketcham Linizenfelter
NAYS:None
ABSENT:None
APPROVED: 9��A
r --�A
ATTEST: — By:
Andrea J. Smith-Walters, City Clerk Kent M c'Dovkll Mayor
ALTORFERC_A7
ALTORFER INC. PRODUCTS ORDER
Branch:Cedar Rids IA 2fi0D 6th eat SW,Cedar Rapids IA 52404 Ph:(319)U54551
Branch:Davenport IA 4712 Buckeye Street,Davenport,IA 62802 Ph:(563)324.1935
Branch:East Peoria,IL 1 Capitol Drive,East Peoria,IL 61611 Ph:(309)694-1234
Branch:Hannibal,MO 3520 Moberly Avenue,Hannibal,MO 63401 Ph:(573)221.8600
Branch:Moberly,MO 701 US•24,Moberly,MO 65270 Ph:(660)263.8200
Branch:Springfield,IL 4949International Parkway,Springfield,IL 62711 Ph:(217)529.5541
Branch:Urbana,IL 1519 West Kenyon Road,Urbana,It.61801 Ph:(217)359.1671
Date:3/1012025 Salesman Name: SCHATSIEK I7 NEW ❑RPO ❑Conversion ❑USED
Customer Name:CITY OF CANTON Customer No:125560
Address:2 N MAIN ST F.O.B.POINT:
City,State,Zip CANTON,IL.61520 Type of Work:
Phone:309-647-0022 ; Email:
Sales Contact:MICHAEL COURTNEY
Purchase Order No.
• • •• 420.07XE
564-5593 -- ' - - --- - - --_ - -- —_'-_- --
__ 420 X_E NE 2 ORDER
E LOADER CFG7—�iqi-6gyg ___ DISPLAY,TOUCH SCREEN $162,553.00
16418,2 LANE -MP.1A •491-6736 WORKLIGHTS 8 LED LAr.'�S
276-t1g40 BUCKET-MP,7.6 YDJ,IT — - FABRIC, '
---- _ _..— 507-5500 SEAT.DELUXE HEATED
444-7600 .� COUPLER•PG,MAN.D.LOCK.BHL — '-------"---—-----'
______ 521}5931 __.;—. LOADER ST,PL,QUICK COUPLER_
B42-7780 _ENG,g2KW_CJ-6 DITA,T4F _ 542-7870 Ant CONDITIONER,S5(T4F)__
9RSJ20 „_.� CUT7ING EDGE,74Y0 PIECE,WIDE_•337-9696 �' _C_OUII_I_E_RWEIGHT,460 KGS(1015 LBS)"
427-8926 SERIALIZED TECHNICAL MEDIA KIT 551.6453_ _ _RIDE CONTROL
_ _ - _ __. —_—_ .
_BUCKET-SOIL,Y4^,8.6 PT3 546-7237-�-�'� - ----LndES,CO0.7aMED AMESTICK-�
206-7747 _ _ BELT,SEAT,27 SUSPENSION_—_,5137-5090 _ AUTC4JP STABILIZERS 7
INSTRUCTIONS,ANSI_____---•540�2298 _ •i _ _S_T_ANOARDRAOIO(72V)
320-2J85_____ _ 71RES.34080R78r50070-24 MX 5.553854 US8 POWER PORT
CA2-0540 -- - TRIM PACITAGE4 _--__ 551-6940 COLD WEATHER PACKAGE,120V
._ .—__
sacs oae3-----' CAP.DELuxe ---- — -- GR -—BOOM - ---
- - __. _ �423-7607 �I PLATE GROUP-BOOrd WEAR
6i2-7775 ___-_- HYD,rdP,6FCN186rK EH,OC 35313a9___j. GUARD,STABULER _
54440926___ __ PT.4WD72WS,AUTOSHIFT,LTC '456.0J90 COUPLING,GD,THriEA_Om VYITH CAPS
5434284 STICK EXTENDABLE.4-3Po7(14FT) OR-6007 --------- STABILI>CR PADS.FLIP-OVER------
V7r-BHL _212.8741 BUCKET-Dc.60"..16.7 M6 __ 6vr-B_HL 313-4791 LINESBRACKET.QC.TucK $11,520.00
V7T-BfiL___ i28P-5409 TNlRdB,HYDRAULIC.t10 Tlr�•BHL' -BHL 313-0797 LINES
PP.!,111
WFBHL 2a1-670a THUMB,TINE,A 5 $ 442-9566 QUICK DISC.
6VT-BHL 567-2552 H65S HAI.WER
rms:GOVERNMENTAL SOURCWELL PRICING • . $174,073.00
Upon Receipt
❑Caterpillarl9i ndaiTerms:
❑Other Financial Terms:
Bill of Sale for Property Taken In Trade Sale Price After Trade Allowance $149,073.00
(See terms and conditions row 17 for more information) EXEMPTI Sales Tax: $0.00
Year Make Model Serial No Allowance
Rental applied: $0.00
2009 CASE 560SM3 9NC525691 $25,000.00 EM Solution:
Payoffs: $0.00
Other(Doe Fee: $0.00
Balance Due: $149,073.00
Cash with Order: $0.00
GtLstortHlr,SISKIat7XTe - ik Total • $149,073.00
WARRANTY ON •UIPMENT EXTENDED B
Warranty coverage on the equipment covered by this order,if any.has been explained to Purchaser.The warranty coverage is outlined below and indicated by the box checked.
Extended Warranties start at delivery date.
10 NEW Standard Factory Warranty 17 Extended Warranty: 12 MONTH PREMIER EPP&72 MONTH 3000 SMH POWERTRAIN+HYDRAULIC+TECH.EPP
❑ USED,ASIs,Wherels ❑Note Special Agreements:
We,.the-Purchaser,understand that ANY warranty work Is to be completed in an Altorfer facility only.For ANY warranty work
completed"in the field"after the standard warranty expires,travel time and mileage charges will apply. usbmlT
EQUIPMENT1 PRODUCT
Your Machlne(s)has been enrolled in the following EMSolutions:Level 3 Package to include Product Link instaged and activated,VisionUnkTM access and training,reports and recommendations,and PartStoreTM access(new in territory sales
only),12 Month 1500 FIR Level 4 Basic CVA,that will include one(1)PM2 Kit*(Does not include air Sters,o0 or labor.New in territory sales arty)
12 Yes ❑No Your agreement includes PM-2 500 hour pans kit customer value agreement(CVA)
RENTAL PURCHASE OPTION.Seller(retains a security interest in)(or leases)the above goods and Buyer agrees to execute a security agreement and note on the fortes in current use by Seiler.
Payable as Follows: monthly payments of$ each with first payment due on delivery and monthly thereafter except
❑RPO-Rental Purchase Option:100%of PAID imroices to apply toward the purchase price.Interest during rent is charged at current prime rate+3%on unpaid
balance.Repalrs and mileage Incurred during rental that are not covered by warranty will be added to the sale at time of conversion.
I hereby agree to be invoiced for the purchase of this machine the latter 30 days following the last rental invoice or on Rental Purchase terms.
Please Initial======_===>
•• 1
LOTH day of MARCH
CusttimerS�gnattire F� � This order is subject to the attached
terms and conditions
Title
Customer Print Name SHAUN MILLER
THIS ORDER IS SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS
1.NEW WARRANTY.New Caterpillar products are said subjed to the terms cf t he applicable warranty.Copies of the warranty applicable to this purchase are attached hereto end Ore aLstaner,by mitiagng below,ackowledges the receipt of the fisted warranties.
Initials Form Date Initials Form Date
Self 5070
Self 5069(Century Une)
2.USED WARRANTY.Dealer guarantees a used machine against mechanical failure for a period of
days or senr ce meter hours(whichever comes fit)as set out below.Dealer will pay %
and the Customer %of the cost of repairs.
a Warranty covers both parts and labor necessary to repair an inopemgva machine.
b.Dealer and Customer vdl share the cast of such repairs(indudng replacement pads,labor,service expense end mileage as required)in the proportion shown above.
c.Customer agrees to promptly report to Dealer any mechanical failures that occur during the term of this agreement and to make the machine available on request to Dealer during its regular daytime waking hours;t the Customer desims the work done outside of regular hours,
Customer agrees to pay the difference between standard rates and overtime rates in effect at that time.
d.Warranty period begins on the date of delivery of the machine to the Customer.
a.Warranty does not cover expendable lams such as glass,tires,cable,hoses,cutting edges,filters,ols,grease,electrical equipment batteries,elk.
I.Dealer reserves the right to inspect the machine at any time,and to refuse any daim resulting from negligence or abuse.
g.All repair work is to be performed by Dealer except as otherwise authorized by Dealer.
IL IF THE PARTICIPATION IN COST OF REPAIRS OF DEALER IS SHOWN AS-NONE,'THE MACHINE IS SOLD'AS IS'WITHOUT WARRANTY OF ANY KIND,AND AT THE CUSTOMERS ENTIRE RISK AND RESPONSIBILITY.
THE ABOVE WARRANTIES,IF ANY,ARE IN LIEU OF ANY OTHER WARRANTY,EXPRESS OR IMPLIED;THERE IS NO WARRANTY OF MERCHANTABUUTY;THERE IS NO WARRANTY THATTHE EQUIPMENT SHALL BE FIT FOR ANY PARTICULAR PURPOSE OR USE;
NO WARRANTIES EXTEND BEYOND THE DESCRIPTIONS CONTAINED HEREIN.
3.CONDITION OF TRADE-IN.If,in the opinion of the Dealer,the mechanical condition of the lradein(if any)is substantially different when it is Wined war to the Dealer than twas when this Purchase Order was signed,the Dealer reserves the right to request that the trade-in
allowance figure be reevaluated.
4.TITLE WARRANTY.Dealer warrantstul and complete title to the goods which are subject to this agreement including the warranty that(a)the Dealer has good title to the goods;(b)the Dealer has the right to convey title to the goods;(a)the goods said shall be free and dear of
erharmbrshces,security interests,liens and charges.
5.ACCEPTANCE.Goods sold pursuant to this agmement shall be inspected by the Customer upon arrival and any use of the goods for purposes other than inspection and testing during this period shag constitute an acceptance.t the goods fail to conform to the agreement in any way,
the Customer shall notify the Dealer within five(5)days of arrival and falling such notification the goods shalt be deemed to have been accepted.
6.FORCE MAJEURE.The Dealer shall not be responsible for any delay o1 other failure to perform caused by reason of slnkes,lockouts,or other labor difficulties a by material shortages,fires,floods,and other ads of God,accidents,embargoes,acts of war,conditions caused by a
national emergency,any rule,order or regulations of any governmental body or agency,delays of subcontractors,or by reason of any other ad beyond the reasonable control of Dealer,and Dealer's time for performance shag be extended accordingly.If delivery is delayed or interrupted
for any such cause,Dealer may store the equipment at Customer's expense and risk and if on promises controlled by Dealer,may charge therefor at a rate singer to that charged by a public warehouse.Any such storage be deemed delivery for the purpose of this agreement.
7.This agreement shell be consbued under the laws of the State of Iowa and the United States of America The courts of such stale shag have exclusive jurisdiction over all controversies arising out of or in connection with tits agreement It is understood,however,that t any portion of
this agreement is prohibited a contrary to the laws of any County,State,Province or other political subdivision in which it is used or to which it Is made applicable,it shag,as to sold County,Slate,Province orother poUtcal subdivision be Ineffective and void to the extent of such
prohibition or illegally without invalidating any of its remaining provision%and to this and the provisions and causes of this agreement are declared to be severable.
8.Any takes or import elutes imposed by the laws of arty County,Dominion,State,Territory,Province,Mundepalily or other authority,which Dealer may be required to pay orto reimburse to others by reason of them manufacture,ownership,use create of any goods delivered under this
agreement Will be added to the price of the goods either as a separate item or included in the invoice price of the goods,as the law may require or Dealer may determine.
9.This agreement is not subject to cancellation or to change unless requested by the Customer and accepted in wiling by the Dealer.In the went of any such cancellations,the Customer shag pay the Dealer within 30 days of such carroegation reasonable costs and all other expense
incurred by Dealer prior to receipt of the request for cancellation(including but not limited to engineering expenses end all commitments to its suppliers,subcontractor%and others)plus an amount equal to fifteen percent(15%)of the total of the foregoing.
10.Any payments agreed to by the Customer and not fulfilled by the Customer on the data promtsed,shall be subject to a late payment penally of 1.5%interest per month(18%par year).The minimum penalty shall be$200 per month.This charge will continue until the amount and
interest arapaid in fug:
11.Purchaser is hereby notified that Altorfer Rents has assigned to CAM Exchange Services,LLC,acting in its capacity as a Qualified Intermediary,its rights(including is rights with resped to all money and any trade-ins,but none of its obligations)with respect to the We of this
equipment Payment must be made to'CATD ES as01 forAltorfer Rents and maled to Alloder Rents,P.O.Box 1347,Cedar Rapids,IA 52408.
12.REMEDIES,The rights and remedies of the Dealer shall not be exclusive but shall be cumulative and in addition to any other rights and remedies provided by my and all clauses of this Purchase Order and to all other dghts and remedies in law or equity.
13.ALTORFER IS NOT LIABLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES FOR ANY BREACH OF WARRANTY OR DAMAGES OF ANY NATURE,PERSONAL OR PROPERTY,SUFFERED OR SUSTAINED IN THE OPERATION OF THE EQUIPMENT OR
RESULTING FROM FAILURE OR INADEQUACY OF THE EQUIPMENT OR ITS COMPONENTS;AND THAT ALTORFER SHALL NOT BE DEEMED OR HELD OBLIGATED,LIABLE OR ACCOUNTABLE UPON OR UNDER ANY GUARANTEE OR WARRANTY,EXPRESS OR
MPUEU,STATUTORY BY OPERATION"OFLAW,OR OTHERWISE,IN ANY MANNER OR FORM BEYOND THEAGREEMENTS OF SUB-PARAGRAPHS 1 OR 2 THIS AGREEMENT.
14.Any action of any type by any party to this Agreement relating to this Agreement whether such action be for breadu of contract breach of warranty,in tort or under any other legal theory,must be commenced within two(2)years of accrual of the cause of action.
15.Customer agrees that this agreement can be filed as public notice of a Ilen in favor of Altofer Inc.This(ling wit be male with the competent agency as designated by law.Customer afirrns that this agreement creates a ten in favorof Altorfer Inc.
16.EFFECTIVE DATE OF AGREEMENT.This agreement must be approved and signed by an authorized officer/agent of Altorfer before any of its terms or conditions are valid.
17.691 of Sale•the customer hereby cantles that there is no ten,claim,debt,mortgage or encumbrance of any kind,nature or description against this prop"now existing,of record or otherwise.and that same is free and dear and is their sole and absolute property.
CATERPILLAR®
DIGITAL AUTHORIZATION
CATERPILLAR TELEMATICS DATA AND CAT REMOTE SERVICES-SOFTWARE UPDATES PROCESS FOR SELECT PRODUCT LINK
TELEMATICS AND CAT EQUIPMENT CONTROL MODULE SOFTWARE.
Customer equipment has installed devices that transmit data to Caterpillar Inc.("Caterpillar').
Data transmitted to Caterpillar is used in accordance with Caterpillar's Data Governance Statement ("DGS"), which describes Caterpillar's
practices for collecting,sharing and using data and information related to customers machines,products,Devices or other Assets and their
associatedworksites.The DGS can be reviewed at httas://www.caterpillar.com/enfegal-notices/data-governance-statement.html.
Caterpillar's process for performing remote diagnostics and making available remote software and firmware updates and upgrades,such as
configuration,patches,bug fixes,new or enhanced features,etc.,for Assets and Devices is described in the Cato Remote Services-
Software Update Process for select ProductlinkTm Telematics and Cat Equipment Control Module Software document(the"RSP
Document").The RSP Document can be reviewed at https://mvw.cat.com/remoteservicesorocess7 ga=2.245276421.1412167159.1561985855-
475983137.1559312215.
Company acknowledges and agrees to data transmission to Caterpillar via devices installed on Company equipment or by other means as outlined
and described in the DGS,and grants to Caterpillar the right to collect,use,and share such information,including to its Distribution Networks or
other affiliates,in accordance with the Caterpillar Data Governance Statement.Company's authorization also applies to any data and information
previously collected by Caterpillar.
AGREE
DECLINE ❑
Company acknowledges and agrees to participate in Remote Services(including,remote diagnostics and remote updates and upgrades)and
authorizes Caterpillar to remotely access,program,and install updates and upgrades for Company's Assets and Devices in accordance with the
Remote Services Process Document.
AGREE Ili
DECLINE❑
The rights granted in this authorization survive the termination or expiration of the Company's subscriptions to any Digital Offerings.Except as set out
in a written agreement between Company and Caterpillar expressly referencing the Data Governance Statement,this authorization supersedes and
replaces any other authorizations with regard to the subject matter hereof.
FOR DEALER USE ONLY
Company
Company UCID
CITY OF CANTON
Company (Print)
Company Representative CWS ID
SHAUN MILLER
Company Representative(Print)
� .: , Main Store Dealer Code
Signature
Dealer Representative Name
3/10/2025
Date
Dealer Representative CWS ID
Caterpillar:Confidential Green
ILL®
Government Awarded Contract
Capital a Contract#011620-NCL
February 12,2025
City of Canton
520 West Locust St
Canton,Illinois 61520
Re:Tax Exempt Municipal Lease Proposal
Dear Sir or Madam:
Lease Servicing Center,Inc.dba NCL Government Capital("NCL")is pleased to propose to City of Canton the following Tax
Exempt Municipal Lease transaction as outlined below.Under this transaction,City of Canton would enter into a Tax
Exempt Municipal Lease agreement with NCL for the purpose of acquiring Elgin Broom Bear Street Sweeper.This
transaction is subject to formal review and approval by both the Lessor and Lessee.
LESSEE: City of Canton
LESSOR: Lease Servicing Center,Inc.dba NCL Government Capital
EQUIPMENT: Elgin Broom Bear Street Sweeper
EQUIPMENT COST: $319,048.00
DOWN PAYMENT/TRADE-IN: $0.00
AMOUNT FINANCED: $319,048.00
FUNDING DATE: February 21,2025
DEFERRAL DAYS: 0
FIRST PAYMENT DUE: February 21,2025
TERM: 5 Years MAX USAGE:
ANNUAL LEASE PAYMENTS: $49,770.66 RATE:6.47%
ALTERNATIVE LEASE OPTIONS:
510 22"d Ave.E Suite 501*Alexandria,MN 56308*Telephone 320 763 7600*Fax 320 763 9600
www.ncigovcap.com
BALLOON PAYMENT: $135,000.00
PRICING: The payments outlined above are locked,provided this proposal is accepted by the Lessee
and the transaction closes/funds prior to March 12,2025.
After these days,the final payments shall be adjusted commensurately with market rates in
effect at the time of funding and shall be fixed for the entire lease term.
DOCUMENTATION FEE: $500 paid to Lessor at closing
DOCUMENTATION: Lessor shall provide all of the documentation necessary to close this transaction. This
documentation shall be governed by the laws of the State of Lessee.
TITLE/INSURANCE: Lessee shall retain title to the equipment during the lease term. Lessor shall be granted a
perfected security interest in the equipment and the Lessee shall keep the equipment free
from any/all liens or encumbrances during the term. Lessee shall provide adequate loss and
liability insurance coverage,naming Lessor as additional insured and loss-payee.
TAX STATUS: This transaction must be designated as Tax-Exempt under Section 103 of the IRS
code of 1986 as amended.
SOURCEWELL CONTRACT: NCL has been competitively bid and awarded a contract through Sourcewell(Formerly NJPA).
#011620-NCL NCL's Sourcewell Contract#is 011620-NCL.
We appreciate this opportunity to offer an NCL Financing Solution.Please do not hesitate to contact me if you have any
questions at(320)763-7600.Acceptance of this proposal is required prior to credit underwriting by NCL. Upon acceptance of
this proposal,please scan and e-mail to my attention. Thank you again.
Sincerely,
Tim Goetsch-(320)763-7600
timg@ncigovcap.com
ACCEPTANCE
As a duly authorized agent of City of Canton,I hereby accept the proposal as outlined above and intend to close this financing
with NCL,subject to final approval.
ACCEPTED: DATE:
NAME: TITLE:
PHONE:
WE ARE PROVIDING THE INFORMATION CONTAINED HEREIN FOR INFORMATIONALPURPOGES ONLY IN CONNECTION WITH POTEN71ALARMSLENG7N COMMEROAL BANKING TRANSACTIONS IN PROVIDING THIS INFORMATION,WE ARE ACTING FOR OUR OWN INTERESTAND HAVE
FINANCIAL AND OTHER INTERESTS THATDIFFER FROM YOURS.WE ARE NOTACIING ASA MUNICIPALADVISOROR FINANOALADVISOR TO YOU,AND HAVE NO FIDUCIARY DUTY TO YOUR OR ANYOTHER PERSON PURSUANTTO SECTION 15B OF 7HESECURMES EXCHANGE ACr OF
19X THEINFORMA710N CONTAINED IN THIS DOCUMENTIS NOT INTENDED TO BE AND SHOUIDNOTBE CONSTRUED AS'ADVICP WITHIN THE MEANING OF SECTION 15B OF THE SECURITIESEXCIANGE ACT OF 1934AND THE MUMCPALAOVISORRUIFSOFTHE SEC.WE ARE NOT
RECOMMENDING THATYOU TAKE AN ACTION WITH RESPECTT07HE INFORMATION CONTAINED HEREIN.BEFOREACTING ON THIS INFORMATION,YOU SHOULD DISCUSS TT WITH YOUR OWN FINANCALAND/OR MUNICIPAL.LEGAL,ACCOUNTING,TAX AND OTHER ADVISORS AS
YOU DEEM APPROPRIATE.IFYOU WOULD UKE A MUNICIPALADVISOR THATHASLEGALFIDUOARYDUTIES TO YOU,THEN YOU ARE FREE TO ENGAGEA MUNICPALADVISOR TOSERVE IN THATCAPACITY.
510 22TId Ave.E Suite 501 *Alexandria,MN 56308*Telephone 320 763 7600*Fax 320 763 9600
www.neigovcap.com