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CONTINUING DISCLOSURE <br /> On the date of the actual issuance and delivery of the Bonds, the City will execute and deliver a <br /> Continuing Disclosure Undertaking whereunder the City will covenant to provide, or cause to be <br /> provided, annual financial information, including audited financial statements of the City, and <br /> notices of certain material events, as specified in and required by SEC Rule 15c2-12(b)(5).. <br /> OFFICIAL STATEMENT <br /> The City has authorized the preparation of an Official Statement containing pertinent <br /> information relative to the Bonds, and said Official Statement will serve as a nearly-final Official <br /> Statement within the meaning of Rule 15c2-12 of the Securities and Exchange Commission. <br /> For copies of the Official Statement or for any additional information prior to sale, any <br /> prospective purchaser is•referred to the Financial Advisor to the City, Springsted Incorporated, <br /> 85 East Seventh Place, Suite 100, Saint Paul, Minnesota 55101, telephone (612) 223-3000. <br /> The Official Statement, when further supplemented by an addendum or addenda specifying the <br /> maturity dates, principal amounts and interest rates of the Bonds, together with any other <br /> information required by law, shall constitute a "Final Official Statement" of the City with respect <br /> to the Bonds, as that term is defined in Rule 15c2-12. By awarding the Bonds to any <br /> underwriter or underwriting syndicate submitting a proposal therefor, the City agrees that, no <br /> more than seven business days after the date of such award, it shall provide without cost to the <br /> senior managing underwriter of the syndicate to which the Bonds are awarded 110 copies of <br /> the Official Statement and the addendum or addenda described above. The City designates <br /> the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent <br /> for purposes of distributing copies of the Final Official Statement to each Participating <br /> Underwriter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby <br /> that if its proposal is accepted by the City (i) it shall accept such designation and (ii) it shall <br /> enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes <br /> of assuring the receipt by each such Participating Underwriter of the Final Official Statement. <br /> BY ORDER OF THE CITY COUNCIL <br /> /s/ Paul Harrington <br /> Interim Clerk/Administrator <br /> • • <br />