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Countywide Public Financing Authority <br /> Stone & Youngberg LLC <br /> MBIA Insurance Corporation <br /> U. S. Trust Company of California,N.A. <br /> July 8, 1996 <br /> Page -2- <br /> I have reviewed and am familiar with the provisions of Sections 5.3, 5.4 and 5.5 <br /> of the Lease Agreement and have compared the coverage provided by the City's existing <br /> insurance policies, or the availability thereof (and the City's existing self-insurance <br /> coverage, if any) with the provisions of the Lease Agreement and certify that the City's <br /> insurance meets the requirements set forth in the Lease Agreement and that such <br /> insurance provides adequate protection to the owners of the captioned Bonds. U.S. Trust <br /> Company of California,N.A., as trustee for the captioned, will be named as loss payee for <br /> such insurance polices to a lender's loss payable endorsement. <br /> Very truly yours, <br /> rf <br /> 3/ ` 1 I I C/, <br /> Dave R. Holmquist ' <br /> Risk Manager <br /> DRH:jk <br /> cc: Greg Beaubien <br /> Lawrence Temple <br /> George Rivera <br /> John Beckendorf <br /> LTR9.DOC <br />