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• <br />• <br />3. Springsted Incorporated is authorized and directed to negotiate the Bonds in <br />accordance with the foregoing Terms of Proposal. The City Council will meet at <br />6:30 o'clock P.M. on Monday, June 26, 2006, to consider proposals on the Bonds and take any <br />other appropriate action with respect to the Bonds. <br />4. The law firm of Kennedy & Graven, Chartered, as bond counsel for the City, is <br />authorized to act as bond counsel and to assist in the preparation and review of necessary <br />documents, certificates and instruments relating to the Bonds. The officers, employees and <br />agents of the City are hereby authorized to assist Kennedy & Graven, Chartered in the <br />preparation of such documents, certificates, and instruments. <br />5. In the resolution awarding the sale of the Bonds the City Council will set forth the <br />covenants and undertakings required by the Act. <br />(The remainder of this page is intentionally left blank.) <br />