Continuing Disclosure

In accordance with SEC Rule 15c2-12 and the Undertaking to Provide Continuing Disclosure as executed by the issuer in connection with certain bonds, the issuer is required to file a Statement of Annual Financial and Operating Information with the Electronic Municipal Market Access System (EMMA) each year that the Bonds are outstanding. Failure to provide the Statement to the repositories within the time specified constitutes a “material event” under the SEC rule and is required to be disclosed to the market immediately; Such failure may have a negative effect on the market for and marketability of future bond and note issues of the issuer. As your Financial Advisor, we will maintain in our database the record of the issuer’s obligation to file this document as well as all of the information contained in the Official Statement and we are prepared to offer our services to assist you in this matter.

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