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CERTAIN LEGAL MATTERS Best Best & Krieger, LLP, Bond Counsel, will render an opinion with respect to the validity of the Bonds, the form of which opinion is set forth in Appendix D. Bond Counsel has assumed no responsibility for the accuracy, completeness or fairness of the Official Statement. Certain legal matters will also be passed upon for the City by Best Best & Krieger LLP, as Disclosure Counsel, and as the City Attorney, and for the Underwriter by Curls Bartling P.C., Oakland, California, as Underwriter's Counsel. Payment of the fees and expenses of Disclosure Counsel is contingent upon issuance of the Bonds. FINANCIAL STATEMENTS The City's comprehensive annual financial report for the Fiscal Year ended June 30, 2018, included in Appendix B, have been audited by White Nelson Diehl Evans LLP (the "Auditor'). The Auditor was not requested to consent to the inclusion of its report in Appendix B and it has not undertaken to update its report or to take any action intended or likely to elicit information concerning the accuracy, completeness or fairness of the statements made in the Official Statement, and no opinion is expressed by the Auditor with respect to any event subsequent to the date of its report. MUNICIPAL ADVISOR Urban Futures, Inc., Tustin, California, is engaged as Municipal Advisor to the City in connection with the issuance of the Bonds. The Municipal Advisor's fee for services rendered with respect to the sale of the Bonds is contingent upon the issuance and delivery of the Bonds. The Municipal Advisor does not assume any responsibility for the information, covenants and representations contained in any of the legal documents with respect to the federal income tax status of the Bonds, or the possible impact of any present, pending, or future actions taken by any legislative or judicial bodies. The Municipal Advisor has provided the following sentence for inclusion in this Official Statement. The Municipal Advisor has reviewed the information in this Official Statement in accordance with, and as part of, its responsibilities to the City and, as applicable, to investors under the federal securities laws as applied to the facts and circumstances of this transaction, but the Municipal Advisor does not guarantee the accuracy or completeness of such information. In connection with the issuance and delivery of the Bonds, S&P Global Ratings ("S&P') is expected to assign their municipal bond rating of" "to the Bonds with the understanding that, upon delivery of such Bonds, a policy insuring the payment when due of the principal of and interest on the Bonds will be issued by . S&P has assigned their underlying municipal bond rating of " " to the Bonds. Such ratings reflect only the views of such organization and any desired explanation of the significance of such rating should be obtained from the rating agency furnishing the same. Generally, a rating agency bases its rating on the information and materials furnished to it and on investigations, studies and assumptions of its own. There is no assurance that this rating will continue for any given period of time or that this rating will not be revised downward or withdrawn entirely by S&P, if in the judgment of such rating agency, circumstances so warrant. Any such downward revision or withdrawal of any rating obtained may have an adverse effect on the market price of the Bonds. Any such downward change in or withdrawal of a rating might have an adverse effect on the market price or marketability of the Bonds. LITIGATION There is no controversy or litigation of any nature now pending against the City (with service of process having been completed), or to the knowledge of its officers, threatened, restraining or enjoining the issuance, sale, 255A1108