2015-36 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS

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Official Statement to enable the Underwriter to comply with the requirements of paragraph (b)(4) of Rule 15c2-12 and Rule G-32 of the Municipal Securities Rulemaking Board. (b) The City hereby covenants and agrees to enter into a written agreement or contract, constituting an undertaking (the "Undertaking") to provide ongoing disclosure about the City, for the benefit of the beneficial owners of the Bonds on or before the date of delivery of the Bonds as required under paragraph (b)(5) of Rule 15c2-12. The Undertaking shall be as described in the Preliminary Official Statement, with such changes as may be agreed to in writing by the Underwriter. Except as noted in the Official Statement, there have been no instances in the previous five years in which the City has failed to comply, in all material respects, with each and every undertaking previously entered into by it pursuant to Rule 15c2-12. 3. The City represents and covenants to the Underwriter that: (a) the City has had, has and will have at the Closing the power and authority to enter into and perform this Agreement, to adopt the Bond Ordinance and to deliver and sell the Bonds to the Underwriter; (b) this Agreement and the Bonds do not and will not conflict with or create a breach or default under any existing law, regulation, order or agreement to which the City is subject or by which it is bound; (c) no governmental approval or authorization other than the Bond Ordinance is required in connection with the sale of the Bonds to the Underwriter; (d) this Agreement is, and this Agreement and the Bonds will be at the time of the Closing, the legal, valid and binding obligations of the City enforceable in accordance with their respective terms, subject only to applicable bankruptcy, insolvency or other similar laws generally affecting creditors' rights and subject to the exercise of judicial discretion; (e) the information in the Preliminary Official Statement (except as changed by the Official Statement) was, and in the Official Statement is, true and correct in all material respects and did not and does not omit any statement or information required to be stated therein or which is necessary to make the statements and information contained therein not misleading in any material respect; (f) there is no action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, public board or body, pending or, to the knowledge of the City, threatened against or affecting the City in any material respect or affecting the corporate existence of the City, the titles of its officers to their respective offices or the boundaries of the City, or seeking to prohibit, restrain or enjoin the sale, issuance or delivery of the Bonds or in any way contesting or affecting the transactions contemplated hereby or the validity or enforceability of the Bonds, the Bond Ordinance or this Agreement or contesting in any way the completeness or accuracy of the Preliminary Official Statement or the Official Statement, or contesting the powers of the City or any -2-