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• 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 /> Mayor <br /> Attest: <br /> City Clerk <br /> Reviewed by administration: <br /> i Manager <br /> The motion for the adoption of the foregoing resolution was duly seconded by <br /> Councilmember Sparks , and upon vote being taken thereon, the following voted in <br /> favor thereof. Hodson, Horst, Faust, Sparks, Thuesen <br /> and the following voted against the same: None <br /> whereupon said resolution was declared duly passed and adopted, and was signed by the Mayor <br /> which signature was attested by the City Clerk. <br /> • <br /> -22- <br />