My WebLink
|
Help
|
About
|
Sign Out
Home
10B Action 2009 1221
CityHall
>
City Clerk
>
City Council
>
Agenda Packets
>
2009
>
Packet 2009 1221
>
10B Action 2009 1221
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/17/2009 10:13:45 AM
Creation date
12/17/2009 10:13:36 AM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
12/21/2009
Retention
PERM
Document Relationships
_CC Agenda 2009 1221
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2009\Packet 2009 1221
RDA Reso 2009-024
(Reference)
Path:
\City Clerk\City Council\Resolutions\2009
Reso 2009-170
(Reference)
Path:
\City Clerk\City Council\Resolutions\2009
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
175
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Any or all of the items listed above may be included by specific reference to other <br />documents, including official statements of debt issues of the City or related public entities, <br />which are available to the public on the MSRB's Internet web site or filed with the Securities and <br />Exchange Commission. If the document included by reference is a final official statement, it <br />must be available from the Municipal Securities Rulemaking Board. The City shall clearly <br />identify each such other document so included by reference. <br />Section 5. Reporting of Significant Events. <br />(a) Pursuant to the provisions of this Section 5, the Issuer shall give, or cause to be <br />given, notice of the occurrence of any of the following events with respect to the Bonds, if <br />material: <br />(1) Principal and interest payment delinquencies. <br />(2) Non-payment related defaults. <br />(3) Unscheduled draws on debt service reserves reflecting financial difficulties. <br />(4) Unscheduled draws on credit enhancements reflecting financial difficulties. <br />(5) Substitution of credit or liquidity providers, or their failure to perform. <br />(6) Adverse tax opinions or events affecting the tax-exempt status of the security. <br />(7) Modifications to rights of security holders. <br />(8) Contingent or unscheduled bond calls. <br />(9) Defeasances. <br />(10) Release, substitution, or sale of property securing repayment of the securities. <br />(11) Rating changes. <br />(b) Whenever the Issuer obtains knowledge of the occurrence of a Listed Event, the <br />Issuer shall as soon as possible determine if such event would be material under applicable <br />Federal securities law. <br />(c) If the Issuer determines that knowledge of the occurrence of a Listed Event <br />would be material under applicable Federal securities law, the Issuer shall promptly file a notice <br />of such occurrence with the MSRB. Notwithstanding the foregoing, notice of Listed Events <br />described in subsections (a)(8) and (9) need not be given under this subsection any earlier than <br />the notice (if any) of the underlying event is given to holders of affected Bonds pursuant to the <br />Indenture. <br />Section 6. Termination of Reporting Obligation. The Issuer's obligations under this <br />Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment <br />in full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the <br />Issuer shall give notice of such termination in the same manner as for a Listed Event under <br />Section 5(c). <br />Section 7. Dissemination Agent. The Issuer may, from time to time, appoint or engage <br />a Dissemination Agent to assist it in carrying out its obligations under this Disclosure Certificate, <br />and may discharge any such Agent, with or without appointing a successor Dissemination <br />Agent. The initial Dissemination Agent shall be the Trustee. <br />Section 8. Amendment; Waiver. Notwithstanding any other provision of this Disclosure <br />Certificate, the Issuer may amend this Disclosure Certificate, and any provision of this <br />Disclosure Certificate may be waived, provided that the following conditions are satisfied: <br />F-3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.