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61 <br /> change in the identity,nature or status of the City or the type of operations conducted by the - <br /> City, or(b) is required by, or better complies with, the provisions of paragraph(b)(5) of the Rule; <br /> (ii) this Section 7 as so amended or supplemented would have complied with the requirements of <br /> paragraph (b)(5) of the Rule at the time of the primary offering of the Bonds, giving effect to any <br /> change in circumstances applicable under clause (i)(a) and assuming that the Rule as in effect <br /> and interpreted at the time of the amendment or supplement was in effect at the time of the <br /> primary offering; and (iii) such amendment or supplement does not materially impair the <br /> interests of the Bondowners under the Rule. <br /> If the Disclosure Information is so amended, the City agrees to provide, <br /> contemporaneously with the effectiveness of such amendment, an explanation of the reasons for <br /> the amendment and the effect, if any, of the change in the type of financial information or <br /> operating data being provided hereunder. <br /> (3) This Section 7 is entered into to comply with the continuing disclosure provisions of <br /> the Rule and should be construed so as to satisfy the requirements of paragraph(b)(5) of the <br /> Rule. <br /> Section 8. Authorization of Payment of Certain Costs of Issuance of the Bonds. <br /> The City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the <br /> payment of issuance expenses to Resource Bank&Trust Company, Minneapolis, Minnesota, on <br /> the closing date for further distribution as directed by the City's financial advisor, Ehlers & <br /> Associates, Inc. <br /> Mayor <br /> Attest: <br /> City Clerk <br /> -22- <br />