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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 />Attest: <br />City Clerk <br />-24- <br />Mayor <br />39 <br />