Laserfiche WebLink
• (2) This Section 8 (and the form and requirements of the Disclosure Information)may be <br /> amended or supplemented by the City from time to time,without notice to (except as provided in <br /> paragraph(3) of subsection(b)) or the consent of the Owners of any Bonds,by a resolution of <br /> this Council filed in the office of the recording officer of the City accompanied by an opinion of <br /> Bond Counsel,who may rely on certificates of the City and others and the opinion may be <br /> subject to customary qualifications,to the effect that: (i) such amendment or supplement(a) is <br /> made in connection with a change in circumstances that arises from a change in law or regulation <br /> ora 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 8 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 8 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 9. 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 /> Attest: llfayor Pro Tem <br /> Cityok <br /> • -22- <br />