2008-07-23 03:46:07 -

- In the course of routine surveillance, Fitch Ratings has affirmed the following ratings

Davie (Florida)

--$38.9 million of outstanding unlimited tax general obligation (UTGO) bonds at 'A';

--$24.2 million of outstanding limited tax general obligation (LTGO) bonds at 'A';

The Rating Outlook for all bonds is Stable.

Harbor Springs (Michigan)

--$975,000 in outstanding

Building Authority LTGO bonds at 'A+';

--$310,000 in LTGO refunding bonds at 'A+';

The Rating Outlook for all bonds is Stable.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

Fitch Ratings
New York:
Eric Kim, +1-212-908-0527
(for both Davie, FL and Harbor Springs, MI)
Christopher Hessenthaler, +1-212-908-0773
(for Davie, FL)
Chicago:
James Hutcherson, +1-312-606-2313
(for Harbor Springs, MI)
Sandro Scenga, +1-212-908-0278
(Media Relations, New York)