4.10 SR 08-05-2024 - Laserfiche WebLink

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AGREEMENT RELATING TO PAYING AGENCY, REGISTRAR, AND TRANSFER AGENCY THIS AGREEMENT, entered into on August 15, 2024, by and between the City of Elk River, Minnesota (the "Issuer") and BOND TRUST SERVICES CORPORATION, a wholly owned subsidiary of Ehlers & Associates, Inc. (the "Agent"), a corporation duly organized and existing as a limited purpose trust company under the laws of the State of Minnesota, Section 48A.03. WHEREAS, the Issuer has by Resolution (the "Bond Resolution"), authorized the issuance of the following (the "Bonds"); • $32,715,000 General Obligation Sales Tax Revenue Bonds, Series 2019A • $9,435,000 General Obligation Capital Improvement Plan Bonds, Series 2020A • $5,340,000 General Obligation Capital Improvement Refunding Bonds, Series 2020B • $7,200,000 Taxable General Obligation Sewer Revenue Refunding Bonds, Series 2020C • $4,805,000 General Obligation Capital Improvement Plan and Equipment Bonds, Series 2021A WHEREAS, the Issuer has designated the Agent as the paying agent, registrar and transfer agent for the Bonds; WHEREAS, the Agent has agreed to serve in such capacities for and on behalf of the Issuer and has full power and authority to perform and serve in such capacities for the Bonds; NOW THEREFORE, the Issuer and the Agent, each in consideration of the representations, covenants and agreements of the other as set forth herein, mutually represent, covenant and agree as follows: Section 1.Agent's Duties. 1.1 Registrar. The Agent shall keep at its principal corporate trust office in Roseville, Minnesota a Bond Register in which the Agent, in its capacity as registrar, shall provide for the registration of ownership of the bonds and the registration of transfers and exchanges of the Bonds entitled to be registered, transferred or exchanged pursuant to the terms of the Bonds Resolution and the Bonds. Page 49 of 159