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Section 9. Continuing Disclosure. <br />9.01. Participating underwriters need not comply with the continuing disclosure <br />requirements of Rule 15c2 -12 promulgated by the Securities and Exchange Commission under <br />the Securities Exchange Act of 1934 (the "Rule "), because the offering is in a principal amount <br />less than $1,000,000. Consequently, the City will not enter into any undertaking to provide <br />continuing disclosure of any kind with respect to the Bonds. <br />The motion for the adoption of the foregoing resolution was duly seconded by Member <br />Siedow, and upon vote being taken thereon, the following voted in favor thereof. <br />Hunt, Armstrong, DeLapp, Siedow, and Dunn <br />and the following voted against the same: Drone <br />whereupon said resolution was declared duly passed and adopted. <br />DJG- 212553v] <br />LA515 -2 <br />