Subject: File No. S7-45-10
From: Alan L Richards
Affiliation: Mayor,

February 17, 2011

The requirement that appointed members of bond issuing boards will severely impact decisions of the City of Saint Francis CDA. State of Wisconsin statutes limit the amount of elected officials on such boards to 2. In our case we have 7 members and 2 are elected. To force these 5 citizen members to register with the SEC would be unfair and I suspect that they would resign instead.