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Form Me - Notice Of Claim Of Exemption From Registration For Certain Municipal Securities Page 2

EXEMPTIONS FROM REGISTRATION UNDER

THE COLORADO MUNICIPAL BOND SUPERVISION ACT

(TITLE 11, ARTICLE 59, C.R.S.)

CHECK ONE: (All references are to either section 11-59-110(1), C.R.S. or Rules 59-10.3

or 59-10.4 promulgated under section 11-59-103, C.R.S.)

___ (b) An issue of general obligation bonds where the total obligation represented by the

issue together with any other general obligation of the district does not at the time

of issuance exceed the greater of $2 million or 50% of the valuation for assessment

of the taxable property in the district as certified by the assessor.

___ (c)

An issue of bonds that is rated in one of its four highest rating categories by one or

more nationally recognized organization which regularly rate such obligations.

___ (d) An issue of bonds by a district in which infrastructure is in place which has been

determined by the board of such district to be necessary to construct or otherwise

provide additional improvements specifically ordered by a federal or state

regulatory agency to bring such district into compliance with applicable federal or

state laws or regulations for the protection of the public health or the environment

if the proceeds raised as a result of such issue are limited solely to the direct and

indirect costs of the construction or improvements mandated and are used solely for

those purposes.

___ (e)

An issue of bonds secured as to the payment of the principal and interest on the

debt by an irrevocable and unconditional letter of credit, line of credit or other

credit enhancement issued by a depository institution qualified as defined in section

11-59-110(1) (e), C.R.S.

___ (f)

An issue of bonds insured as to payment of the principal and interest on the debt by

a policy of insurance issued by an insurance company qualified as defined in

section 11-59-110(1) (f), C.R.S.

___ (g) An issue of bonds not involving a public offering made exclusively to “accredited

investors” as defined under Regulation D promulgated by the federal Securities and

Exchange Commission.

___ (h) An issue of bonds made pursuant to an order of a court of competent jurisdiction.

___ (i)

An issue of bonds by a district which has principal amounts payable from moneys

other than the proceeds of an ad valorem tax where the total of such obligations

represented by the issue together with other such bonds of the district does not at

the time of issuance exceed two million dollars.

Page 2 of 3

FORM ME (Rev 7/06)

Form Me - Notice Of Claim Of Exemption From Registration For Certain Municipal Securities Page 2