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any documents incorporating there by reference and as amended and supplemented, the "Official Statement'). The purchase price for the Bonds shall be $ calculated as the aggregate principal amount of the Bonds in the amount of $ , plus an original issue premium in the amount of $ and less an underwriter's discount in the amount of $�. Section 2. Authorization and Purpose of the Bonds. The Bonds are being issued pursuant to resolution of the City adopted on , 2019 (the "Resolution') and shall be as described in and shall be executed, delivered and secured in accordance with the provisions of an Indenture of Trust, dated as of December 1, 2019, (the "Indenture") between the City and U.S. BankNational Association, as trustee. The Bonds are being issued for the purpose of providing funds to (i) prepay the outstanding Gas Tax Revenue Certificates of Participation (2007 Local Street Improvement Program), (ii) purchase a municipal bond insurance policy and debt service reserve surety for the Bonds, and (iii) pay the costs of issuing the Bonds. The Bonds shall be payable, and shall be subject to prepayment prior to their respective stated maturities, as provided in the Indenture and as described in the Official Statement. The Bonds are secured a pledge by the City of the Gas Tax Revenues (as defined in the Indenture) for the payment of the principal of and interest on the Bonds when due. A municipal bond insurance policy (the "Insurance Policy') [debt reserve surety bond (the "Surety Bond")] shall be purchased from (the "Insurer') for the Bonds. In connection with the issuance of the Bonds, the City will enter into a Continuing Disclosure Agreement (defined herein) and an Escrow Deposit and Trust Agreement, dated as of 12019, (the "Escrow Agreement') with U.S. Bank National Association, as escrow agent (the "Escrow Agent. The Purchase Agreement, the Indenture, the Continuing Disclosure Agreement and the Escrow Agreement are referred to collectively herein as the "City Documents." Section 3. Official Statement. The City ratifies, approves and confirms the distribution of the Preliminary Official Statement with respect to the Bonds, dated November , 2019 (together with the appendices thereto, any documents incorporated therein by reference, and any supplements or amendments thereto, the "Preliminary Official Statement'), in connection with the offering and sale of the Bonds by the Underwriter prior to the availability of the Official Statement. The City represents that the Preliminary Official Statement was deemed final as of its date for purposes of Rule 15c2-12 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended ("Rule 15c2-12"), except for any information permitted to be omitted therefrom in accordance with paragraph (b)(1) thereof. The City shall provide the Underwriter, within 7 business days after the date hereof (but in any event at least 2 business days prior to the Closing Date) with a reasonable number of copies of the Official Statement in the form of the Preliminary Official Statement, with such changes thereto as have been approved by the Underwriter (which approval shall not be unreasonably withheld), as requested by the Underwriter for distribution. The City authorizes and approves the distribution by the Underwriter of the Official Statement in connection with the offering and sale of the Bonds. The City authorizes the Underwriter to file, and the Underwriter hereby agrees to file at or prior to the Closing Date, the Official Statement with Municipal Securities Rulemaking Board Rule G-32 (the "MSRB'), or its designees. 55A2127