Tab_264LANDYiE BENNETT
BLUMSTEIN LLP
ATTORNEYS
November 3, 2016
Mayor and City Council Members
City of Wasilla
290 East Herning Avenue
Wasilla, Alaska 99654
Board of Directors
Alaska Municipal Bond Bank
Alaska Department of Revenue
333 Willoughby Avenue
Juneau, Alaska 998110405
RBC Capital Markets, LLC
Two Embarcadero Center, Suite 2100
San Francisco, California 94111
Ladies and Gentlemen:
We are the duly appointed City Attorneys of the City of Wasilla, Alaska (the
"Issuer"). This opinion is given in connection with issuance and sale by the Issuer of its
$815,000 General Obligation Refunding Bond, 2016 Series A (the "Bond"). The Bond is
being sold to the Alaska Municipal Bond Bank (the "Bond Bank") pursuant to a Loan
Agreement dated as of April 1, 1998, as amended by an Amendatory Loan Agreement
dated as of January 1, 2007, and as amended by an Amendatory Loan Agreement dated
October 18, 2016 (together, the "Loan Agreement"), between the Bond Bank and the
Issuer.
We are of the opinion that:
1. The execution and delivery of the Loan Agreement and the performance by
the Issuer of the terms and conditions of the Loan Agreement, including the issuance,
sale, and delivery of the Bond, do not and will not conflict with or constitute a breach of
or a default under, any existing law (including, without limitation, the Constitution of the
State of Alaska), any court or administrative regulation, decree, or order, or any
agreement, indenture, mortgage, lease, or other instrument to which the Issuer is a party
or is otherwise subject or bound.
Alaska: 701 West Eighth Avenue, Suite 1200 Anchorage, Alaska 99501 Tel: 907276.5152 Fax: 907.276.8433
LI Oregon: 1300 Southwest Fifth Avenue, Suite 3500 ° Portland, Oregon 97201 Tel: 503.224.4100 Fax: 503.224.4133
LANDYE BENNETT
BLUMSTEIN LLP
ATTORNEYS
2. No litigation is pending, or to our knowledge threatened, against the Issuer
in any court affecting the corporate existence of the Issuer, or the titles of its officers to
their respective offices, or seeking to restrain or enjoin the issuance, sale or delivery of
the Bond, or many manner questioning the authority or proceedings for the authorization
or issuance of the Bond, or the right of the Issuer to levy and collect taxes pledged or to
be pledged to pay the principal of and interest on the Bond, or the pledge thereof, or in
any way contesting or affecting the validity or enforceability of the Bond or the Loan
Agreement.
Best regards,
LANDYB BENNET BLUMSTEIN LLP
Tt1 505780\158\00551175
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