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CITY OF JEFFERSONVILLE, INDIANA <br /> POST - ISSUANCE COMPLIANCE GUIDELINES <br /> The following procedures (the "Procedures ") are adopted by the City of Jeffersonville, <br /> Indiana (the "City ") in connection with the issuance of tax advantaged bonds or notes (hereafter <br /> referred to as the "Bonds ") by the City or by an issuer on behalf of the City (the "Issuer "). In <br /> order to maintain the tax advantaged status of the Bonds under the Internal Revenue Code of <br /> 1986, as amended, and the regulations (the "Regulations ") promulgated thereunder (collectively, <br /> the "Code "), the City must comply with the provisions of the Code from the date of issuance <br /> through final payment or maturity of the Bonds. These post- issuance compliance responsibilities <br /> are summarized in the transcript of proceedings prepared in connection with each series of Bonds <br /> (the "Transcripts "). <br /> The purpose of these Procedures is to summarize the post- issuance responsibilities of the <br /> City in connection with the Bonds. The Controller ( "Compliance Officer ") shall be the City's <br /> representative responsible for establishing and coordinating compliance with these Procedures. <br /> These Procedures supplement, but do not replace, any other procedures of the City. The <br /> Procedures may be supplemented or amended at any time and from time to time by the City, with <br /> the advice of nationally recognized bond counsel, but without any notice to or consent from any <br /> trustee, any bondholder or any other person. Noncompliance with the Procedures is permitted, <br /> with the advice of nationally recognized bond counsel, but without any notice to or consent from <br /> any trustee, any bondholder or any other person, if (i) compliance would impose unreasonable <br /> burdens on the City and (ii) noncompliance would not cause any Bonds to fail to satisfy all <br /> requirements of the Code. <br /> General <br /> 1. The Compliance Officer shall be primarily responsible for monitoring compliance <br /> with the Code. <br /> 2. The Compliance Officer shall be provided with training and educational resources <br /> necessary to ensure compliance with the Code. <br /> 3. The tax and arbitrage certificates ( "Tax Documents ") contained in the Transcripts <br /> describe the provisions of the Code that must be followed in order to maintain the tax advantaged <br /> status of the Bonds. In addition, the Tax Documents contain the reasonable expectations of the <br /> City or Issuer at the time of issuance of the Bonds with respect to the use of the proceeds and the <br /> assets to be financed or refinanced from the Bonds. These Procedures supplement and support <br /> the covenants made by the City or Issuer in the Tax Documents. In order to comply with the <br /> covenants in the Tax Documents, the City must track and monitor the actual use of the proceeds, <br /> the investment and expenditure of the proceeds and the use of the facilities financed with the <br /> Bonds over the life of the related Bond issue. <br /> 1/2985111.1 <br />