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'i "' II .. '. " delivery of the Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers shall be paid by the purchaser. SETTLEMENT , Within 40 days following the date of their award, the Bonds will be delivered without cost , 'to the purchaser through DTC in New York, New York. Delivery will be subject to i, receipt by the purchaser of an approving legal opinion of Kennedy & Graven, Chartered of Minneapolis, Minnesota, and of customary closing papers, including a no-litigation , I certificate. On the date of settlement, payment for the Bonds shall be made in federal, or ; equivalent, funds which shall be received at the offices of the City or its designee not later ,than 12:00 Noon, Central Time. Unless compliance with the terms of payment for the " Bonds has been made impossible by action of the City, or its agents, the purchaser shall be , liable to the City for any loss suffered by the City by reason of the purchaser's non- , compliance with said terms for payment. CONTINUING DISCLOSURE ; In accordance with SEC Rule 15c2-12(b)(5), the City will undertake, pursuant to the , resolution awarding sale of the Bonds, to provide annual reports and notices of certain , I events. A description of this undertaking is set forth in the Official Statement. The · purchaser's obligation to purchase the Bonds will be conditioned upon receiving evidence of this undertaking at or prior to delivery of the Bonds. OFFICIAL STATEMENT The City has authorized the preparation of an Official Statement containing pertinent I information relative to the Bonds, and said Official Statement will serve as a nearly final , Official Statement within the meaning of Rule 15c2-12 of the Securities and Exchange · Commission. For copies of the Official Statement or for any additional information prior to sale, any prospective purchaser is referred to the Financial Advisor to the City, I. Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul, Minnesota 55101, I telephone (651) 223-3000. , I The Official Statement, when further supplemented by an addendum or addenda specifying the maturity dates, principal amounts and interest rates of the Bonds, together with any other information required by law, shall constitute a "Final Official 'Statement" of the City with respect to the Bonds, as that term is defined in Rule 15c2-12. By awarding the Bonds to any underwriter or underwriting syndicate submitting a proposal therefor, the City agrees that, no more than seven business days after the date of such award, it shall : provide without cost to the senior managing underwriter of the syndicate to which the Bonds are awarded 125 copies of the Official Statement and the addendum or addenda ; described above. The City designates the senior managing underwriter of the syndicate to , which the Bonds are awarded as its agent for purposes of distributing copies of the Final , > Official Statement to each Participating Underwriter. Any underwriter delivering a , proposal with respect to the Bonds agrees thereby that if its proposal is accepted by the : ; City (i) it shall accept such designation and (ii) it shall enter into a contractual relationship , with all Participating Underwriters of the Bonds for purposes of assuring the receipt by SJB-2j~114vl NE13&.184