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ADDENDUM I OF AGREEMENT BETWEEN <br /> the City of Mounds View <br /> III AND <br /> Springsted Incorporated <br /> Effective as of , 199 <br /> CONTINUING DISCLOSURE SERVICES <br /> $2,750,000 <br /> Taxable General Obligation Tax Increment Refunding Bonds, Series 1996A <br /> $810,000 <br /> General Obligation Tax Increment Refunding Bonds, Series 1996B <br /> Client has or will execute a Continuing Disclosure Undertaking in accordance with SEC <br /> Rule 15c2-12(b)(5), or any successor Rules, in connection with the issuance of each Client debt <br /> obligation listed above in which Client has agreed to provide continuing disclosure of certain <br /> financial information and operating data and timely notices of the occurrence of certain events. <br /> Capitalized terms not defined in this Addendum or the Agreement shall have the same meaning <br /> ascribed to them in SEC Rule 15c2-12(b)(5). <br /> Client wishes to retain the services of the Advisor to assist with the obligations set forth in the <br /> • Continuing Disclosure Undertaking and Advisor wishes to provide such services as set forth <br /> below. <br /> • <br /> I. A. Compile an Annual Report according to the Continuing Disclosure Undertaking <br /> (the "Undertaking") executed by Client pursuant to SEC Rule 15c2-12(b)(5) for <br /> the Debt Obligation(s) listed above for submission by Client to all Nationally <br /> Recognized Municipal Securities Information Repositories (NRMSIR), the State <br /> Information Depository (SID), if one is designated, and to the Municipal <br /> Securities Rulemaking Board (MSRB), if required, prior to the Annual Report <br /> Date as defined in the respective Undertaking for each Debt Obligation listed <br /> above. The Annual Report shall include: <br /> 1. An annual audited Financial Statement to be prepared by Client's <br /> accountants. <br /> 2. Updates of the operating and financial data included in the Official <br /> Statement, as outlined for continuing disclosure in the Undertaking <br /> incorporated in the Official Statement. <br /> B. Monitor through quarterly requests for information relating to incidents of and <br /> assist in the disclosure of Significant Events listed in the Undertaking. These <br /> include: <br /> 1. Principal and interest payment delinquencies; <br /> 2. Non-payment related defaults; <br /> • 3. Unscheduled draws on debt service reserves reflecting financial <br /> difficulties; <br /> 1-1 <br />