OHIO TURNPIKE COMMISSION

Resolution Authorizing the Issuance of an RFQ for Underwriting Services for the

Potential Refunding of Prior Revenue Bonds

WHEREAS, the Commission is authorized by Section 5537.08 of the Ohio Revised Code

to issue revenue bonds for the purpose of refunding previously issued revenue bonds;

WHEREAS, the Commission previously issued 1998 Series B Bonds that may be

refunded by the Commission;

WHEREAS, the Commission’s Financial Advisor, Fifth Third Securities, Inc. of

Columbus, Ohio has issued a written recommendation to the Commission that it consider

refunding all or some portion of the 1998 Series B Revenue Bonds and/or such other series of

revenue bonds if market conditions permit a sufficient and appropriate savings to the

Commission;

WHEREAS, the CFO/Comptroller and Financial Advisor have recommended that the

Commission issue a Request for Qualifications to solicit proposals from investment banking

firms to serve as either senior managing or co-managing underwriter on one or more potential

transactions, and the Commission’s Executive Director concurs in said recommendation.

NOW, THEREFORE, BE IT

RESOLVED, that the Executive Director and CFO/Comptroller in consultation with the

Commission’s Financial Advisor are authorized to issue a Request for Qualifications from those

companies interested in furnishing underwriting services for the potential refunding of all or a

portion of the 1998 Series B Revenue Bonds and/or such other series of revenue bonds that the

Commission may consider refunding if market conditions permit a sufficient and appropriate

savings; and

FURTHER RESOLVED, that the Executive Director, CFO/Comptroller and the

Commission’s Financial Advisor shall prepare a report and recommendation regarding the

proposals received to provide underwriting services to the Commission.

(Resolution No. 5-2009 adopted February 9, 2009)