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SCOPE APPENDIX to <br />Engagement Letter dated: February 14, 2024 <br />Between the City of Elk River, Minnesotaand <br />Baker Tilly US, LLP <br />D.Continuing Disclosure Services <br />BTMA will commence continuing disclosureservicesfor debt obligationsas set forth in any continuing <br />disclosure undertakingfor the debt obligationsthat the Client will execute upon settlement. Annually, <br />BTMA will check in with the Client to confirm the engagement for the next annual reporting period. <br />In carrying out its duties, BTMA shall do the following: <br />1.Preparation and filing of annual reporting. <br />The Client will provide BTMA with a copy of each executed Continuing Disclosure Undertaking <br />(CDU) including master and supplemental CDUs if any. <br />BTMA will: <br />a.Identify the Client's reporting obligations, compile and prepare, as needed, any necessary <br />operating data, and file any required annual report and financial statements, including the audit <br />as provided for in each CDU for the reporting period; <br />b.Provide to the Municipal Securities Rulemaking Board ("MSRB") through its Electronic <br />Municipal Market Access System ("EMMA"), the annual information required under each <br />respective CDU;and <br />c.Provide additional reporting to purchasers, as set forth in Debt Obligation documents or private <br />agreements: <br />2.Assistance filing reportable events on EMMA <br />Upon notification of one of the events listed as set forth in each CDU (collectively, Reportable <br />Events), BTMA will assist the Client with filing any Reportable Events. Most Reportable Events are <br />required by the Rule to be filed within ten business days ofthe occurrenceof such event. Client will <br />notify BTMA as soon as possible when they believe a reportable event has or may have occurred <br />to enable BTMA to file a timely notice on EMMA. It is the Client’s sole responsibility to notify BTMA <br />of the potential occurrence of a Reportable Event. <br />3.Five-year Compliance Check <br />At the time any Debt Obligations subject to the Rule are issued, the Client must disclose in its <br />official statement any instances in the past five years it failed to comply, in all material respects, <br />with any previous undertakings for Debt Obligations which were subject to the Rule. BTMA will: <br />a.Compile reporting requirements for any Debt Obligations that were outstanding during the five- <br />year periodand assess all financial data, operating data, and reportable event filings made for <br />each applicable debt obligation. If necessary, at the time that BTMA conducts services <br />annually under Item 1, BTMA will update the five-year compliance check. <br />b.If a deficiency is found and the debt obligation(s)remain outstanding at the time of BTMA’s <br />compliance check, BTMA will prepare any necessary reporting or notices to meet the CDU <br />obligations. BTMA will provide the Client with documentation that the EMMA filing has been <br />completed. <br />Client agrees to provide BTMA with the audit and accurate information with respect to compiling the <br />annual report in a timely manner and to fully disclose to BTMA any Reportable Events as they occur. <br />Page SA - 11| 18 <br />(Scopev20230309) <br /> <br />