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• nature or status of the City or the type of operations conducted by the City, or(b) is <br /> 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 <br /> requirements of paragraph (b)(5) of the Rule at the time of the primary offering of the <br /> Bonds, giving effect to any change in circumstances applicable under clause (i)(a) and <br /> assuming that the Rule as in effect and interpreted at the time of the amendment or <br /> supplement was in effect at the time of the primary offering; and (iii) such amendment or <br /> supplement does not materially impair the 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 <br /> reasons for the amendment and the effect, if any, of the change in the type of financial <br /> information or operating data being provided hereunder. <br /> (3) This Section 8 is entered into to comply with the continuing disclosure <br /> provisions of the Rule and should be construed so as to satisfy the requirements of <br /> paragraph (b)(5) of the Rule. <br /> Section 9. Authorization of Payment of Certain Costs of Issuance of the Bonds. The <br /> City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment <br /> of issuance expenses to Resource Bank &Trust Company, Minneapolis, Minnesota, on the <br /> 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 /> • <br /> -23- <br />