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• the interest rates, other information relating to the Bonds required to be included in the Official <br /> Statement by Rule 15c2-12 adopted by the Securities and Exchange Commission under the <br /> Securities Exchange Act of 1934. Within seven business days from the date hereof,the City <br /> shall deliver to the Purchaser 30 copies of the Official Statement and such supplement. The <br /> officers of the City are hereby authorized and directed to execute such certificates as may be <br /> appropriate concerning the accuracy, completeness and sufficiency of the Official Statement. <br /> The officers of the City are hereby authorized and directed to execute such certificates as may be <br /> appropriate concerning the accuracy, completeness and sufficiency of the Official Statement. <br /> Section 7. Continuing Disclosure. The Securities and Exchange Commission has <br /> promulgated certain amendments to Rule 15c2-12 under the Securities Exchange Act of 1934 (17 <br /> C.F.R. § 240.15c2-12) (the "Rule")that make it unlawful for an underwriter to participate in the <br /> primary offering of municipal securities in a principal amount of$1,000,000 or more unless, <br /> before submitting a bid or entering into a purchase contract for the bonds, it has reasonably <br /> determined that the issuer or an obligated person has undertaken in writing for the benefit of the <br /> bondholders to provide certain disclosure information to prescribed information repositories on a <br /> continuing basis or unless and to the extent the offering is exempt from the requirements of the <br /> Rule. <br /> The principal amount of the Bonds is less than$1,000,000. The City hereby <br /> represents that it has not issued within the six months before the date of issuance of the Bonds, <br /> • and that it reasonably expects that it will not issue within six months after the date of issuance of <br /> the Bonds, other securities of the City of substantially the same security and providing financing <br /> for the same general purpose or purposes as the Bonds. Consequently, this Council hereby finds <br /> that the Rule is inapplicable to the Bonds, because the aggregate principal amount of the Bonds <br /> and any other securities required to be integrated with the Bonds thereunder is less than <br /> $1,000,000. Therefore, the City will not enter into any undertaking to provide continuing <br /> disclosure of any kind with respect to the Bonds. <br /> Mayor <br /> Attest: <br /> City Clerk <br /> • -21- <br />