Standard&Poor's Ratings Services assigned its 'A+' long-term rating and stable outlook to Minneapolis, Minn.'s limited-tax-supported development revenue bonds. Debt service is primarily secured with loan repayments under the city's common bond fund as well as its pledged reserves. The rating reflects our view of Minneapolis': Reserve levels that are sufficient, in our view, for an 'A' category rated pool; Demonstrated additional support of the program, as evidenced by the commitment of a one-half-mill tax levy pledge as a reserve cushion; and Experienced management team. In our opinion, these strengths are partially offset by the program's geographic concentration and some project concentration. Bond proceeds from the 2010-2A&B bonds will be used to fund building acquisition, renovation, and equipping of
