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First Bank <br />Saint Paul <br />The First National Bank <br />of Saint Paul <br />332 Minnesota Street <br />Saint Paul, Minnesota 55101 <br />April 28, 1986 <br />City Clerk <br />City of Little Canada <br />515 Little Canada Rd <br />Little Canada, MN 55117 <br />pr2Pq <br />MAY 14 1986 <br />CITY OF <br />LITTLE CANADA <br />RE: Paying Agency Agreement With Respect To Obligation: <br />Little Canada, MN $175L000 Gen. Obli ±.Eguip. Cert <br />dated 3/1/83 March & Seat <br />Gentlemen: <br />Under the above - referenced Paying Agency Agreement, we are limited to <br />certain fees and charges for paying agent services performed. Because it <br />is no longer economically feasible for us to continue performing under the <br />Agreement at the current level of fees and charges, we wish to amend the <br />Agreement effective as of August 1, 1986, so that the fee and charge <br />paragraph is changed to read in its entirety as follows: <br />"Pay to the Bank reasonable fees and charges for services performed <br />hereunder in accordance with the Bank's fee and charge schedule in <br />effect at the time of the particular services performed. The fees and <br />charges of the Bank shall in no event become a charge against the <br />funds remitted by the Municipality for payment of principal of and <br />interest on the Obligations." <br />We also wish to implement the new fee and charge schedule attached to this <br />letter. <br />By countersigning, dating and returning the extra copy of this letter to <br />us within the next ninety days, you may agree to the amendment and the new <br />fee and charge schedule. <br />48 <br />