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<br />· City staff expenses. <br />. Rating agency fees, if any. <br />. Bond insurance fees, if any. <br />· Accounting and other related fees. <br /> <br />It is expressly understood that there is no obligation on the part of the City under the terms of this <br />Agreement to issue the Bonds. lfthe Bonds are not issued, 1M agrees to pay its own expenses and <br />receive no fee for any services it has rendered. <br /> <br />AUTHORIZATION TO BID <br /> <br />As a broker dealer, 1M is subject to the rules of the Municipal Securities Rulemaking Board (hereinafter <br />"Board"). Pursuant to Rule G-23 of the Board, the City consents and does authorize 1M or any entity or <br />company affiliated with 1M to submit a competitive bid for the purchase of the Bonds. 1M agrees that <br />any bid so submitted shall be faxed directly to the City for receipt at least fifteen (15) minutes prior to the <br />deadline otherwise established for the reciept of such a bid. <br /> <br />SUCCESSORS OR ASSIGNS <br /> <br />The terms and provisions of this Agreement are binding upon and inure to the benefit of the City and 1M <br />and their successors or assigns. <br /> <br />TERM OF THIS AGREEMENT <br /> <br />This Agreement may be terminated by thirty (30) days written notice by either the City or 1M and it shall <br />terminate sixty (60) days following the closing date related to the issuance of the Bonds. <br /> <br />Dated this 10th day of October, 2001. <br /> <br />Juran & Moody <br /> <br />By: <br />Richard G. Asleson, Vice President <br /> <br />City of Centerville, Minnesota <br /> <br />By: <br />Mayor <br /> <br />By: <br />Administrator <br /> <br />FA - MASTER <br /> <br />Page 3 <br />