NOTICE OF BOND SALE $2,100,000* PARK DISTRICT OF THE CITY OF GRAND FORKS, NORTH DAKOTA GENERAL OBLIGATION SPECIAL ASSESSMENT REFUNDING BONDS, SERIES 2009 NOTICE IS HEREBY GIVEN that the Park District of the City of Grand Forks, North Dakota will receive sealed bids at the office of its Financial Advisor, Public Financial Management, Inc., in Minneapolis, Minnesota, until 11:00 A.M., on March 17, 2009, for the purchase of the above Bonds. The Board of Park Commissioners has authorized its President and Clerk to consider the bids. The terms of the Bonds are set forth in the Official Statement prepared by the District's Financial Advisor on behalf of the District. Proceeds from these Bonds, together with other funds, will be used to refund the Park District of the City of Grand Forks, Grand Forks County, North Dakota, General Obligation Special Assessment Prepayment Bonds, Series 2001. An opinion as to the tax-exempt nature of the interest on the Bonds will be requested from Arntson & Stewart, P.C., Attorneys at Law, Fargo, North Dakota. The Bonds are general obligations of the Park District. Principal and interest on the Bonds are payable from an ad valorem tax to be levied on all taxable property within the corporate limits of the Park District. The Park District reserves the right to reject any and all bids, to waive any informality in any bid and to adjourn the sale. No bid may be altered or withdrawn after the time specified for opening. Information for bidders may be requested from and bidding forms will be distributed by Public Financial Management, Inc., Minneapolis, Minnesota. PARK DISTRICT OF THE CITY OF GRAND FORKS, NORTH DAKOTA John Staley /ss Clerk *The Park District reserves the right to adjust the principal amount of, and maturity schedule for, the Bonds. (March 7, 2009)

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