Agenda - Council - 11/12/2002 - Laserfiche WebLink

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-66- DISSEMINATION AGENT AGREEMENT THIS DISSEMINATION AGENT AGREEMENT (the "Dissemination Agreement"), dated as of the 1st day of November, 2002, by and between the City of Ramsey, Minnesota, 15153 Nowthen Boulevard Northwest, Ramsey, MN 55303 (the "Issuer") and Northland Securities, Inc., 45 - South 7th Street, Suite 2500, Minneapolis, YIN 55402 ("the Dissemination Agent") in connection with bond issues of the Issuer (the "Bond Issues") identified in Exhibit A which is attached to and by reference made a part of this Dissemination Agreement: The Issuer and the Dissemination Agent covenant and agree as follows with respect to the Bond Issues: SECTION 1. Definitions. the following capitalized terms shall have the following meanings: "Annual Report" shall mean the document or documents filed by the Dissemination Agent with a National Repository or State repository pursuant to this Dissemination Agreement. "Annual Report Data" shall mean the Issuer's audited financial statements, such other financial information and operating data for each Bond Issue as may be requested by the Dissemination Agent to compile the Annual Report, and information collected by the Dissemination Agent (such as data from the county auditor). "Continuing Disclosure Agreement" shall mean that certain agreement or undertaking executed by the Issuer at the time of issuance of the bond issues listed in Exhibit A. "Disclosure Representative" shall mean the Administrator of the Issuer or his or her designee, or such other officer or employee as the Issuer shall designate in writing to the Dissemination Agent from time to time. "Listed Events" shall mean any of the material events listed in Section 5(a) of this Dissemination Agreement. "National Repository" shall mean any Nationally Recognized Municipal Securities Information Repository for purposes of the Rule. Attached to and by reference made a part of this Dissemination Agreement is Exhibit B, 'a current list o.f National Repositories. Notwithstanding anything to the contrary contained herein, Exhibit B may be amended from time to time by the Dissemination Agent, following the designation of additional National Repositories or loss of such status by an existing National Repository, by delivering a notice of amendment and an amended Exhibit B to the Issuer. "Rule" shall mean Rule 15c2~12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time. Ramsey Page 1 10/30/2002 I I I I I I I I I I