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STATE OF MINNESOTA COUNTY AUDITOR'S CERTIFICATE <br /> COUNTY OF CROW WING AS TO REGISTRATION <br /> I, the undersigned, being the duly qualified and acting County Auditor of Crow Wing <br /> County, Minnesota, DO HEREBY CERTIFY that on the date hereof, there was filed in my office <br /> a certified copy of a resolution adopted on July 10, 2012, by the City Council of the City of <br /> Pequot Lakes, Minnesota, authorizing the issuance of$1,270,000 General Obligation Utility <br /> Refunding Bonds, Series 2012A(the "Bonds") and the Bonds have been entered in my Bond <br /> Register. <br /> WITNESS my hand and the seal of the County Auditor on , 2012. <br /> County Auditor <br /> (SEAL) <br /> 4767714v1 <br />