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3. The Borrower shall pay to the City any and all costs paid or incurred by the City in <br />connection with the Notes or the refinancing of the New Brighton Project, whether or not the financing is <br />carried to completion and whether or not the Notes or operative instruments are executed and delivered. <br />4. This resolution shall be in full force and effect from and after its passage. <br />Adopted by the City Council of the City of New Brighton, Minnesota, this I 01 day of November, <br />2015 with a vote of ayes and nays. <br />Dave Jacobsen, Mayor <br />Dean R. Lotter, City Manager <br />ATTEST: <br />Terri Haarstad, City Clerk <br />470615v1 JAE LA135-30 2 <br />