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10A Action Items 2018 1105
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10A Action Items 2018 1105
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Last modified
10/30/2018 7:09:23 PM
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10/30/2018 7:09:16 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
11/5/2018
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PERM
Document Relationships
PFA Reso 2018-002
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2018
Reso 2018-135
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2018
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<br />D–2 <br />“Participating Underwriter” means Stifel, Nicolaus & Company, Incorporated, as the original underwriter of the Bonds. <br /> <br /> “Rule” means Rule 15c2–12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as it may be amended from time to time. <br /> “Significant Events” means any of the events listed in Section 5(a) of this Disclosure Certificate. <br /> Section 3. Provision of Annual Reports. <br /> (a) The City shall, or shall cause the Dissemination Agent to, not later than the Annual Report Date, commencing March 31, 2019, with the report for fiscal year 2017-18 <br />provide to the MSRB, in an electronic format as prescribed by the MSRB, an Annual Report that <br />is consistent with the requirements of Section 4 of this Disclosure Certificate. Not later than 15 Business Days prior to the Annual Report Date, the City shall provide the Annual Report to the <br />Dissemination Agent (if other than the City). If by 15 Business Days prior to the Annual Report <br />Date the Dissemination Agent (if other than the City) has not received a copy of the Annual Report, the Dissemination Agent shall contact the City to determine if the City is in compliance <br />with the previous sentence. The Annual Report may be submitted as a single document or as <br />separate documents comprising a package, and may include by reference other information as provided in Section 4 of this Disclosure Certificate; provided that the audited financial <br />statements of the City may be submitted separately from the balance of the Annual Report, and later than the Annual Report Date, if not available by that date. If the City’s fiscal year changes, it shall give notice of such change in the same manner as for a Significant Event under Section <br />5(c). The City shall provide a written certification with each Annual Report furnished to the Dissemination Agent to the effect that such Annual Report constitutes the Annual Report required to be furnished by the City hereunder. <br /> (b) If the City does not provide (or cause the Dissemination Agent to provide) <br />an Annual Report by the Annual Report Date, the City shall provide (or cause the Dissemination <br />Agent to provide) to the MSRB, in an electronic format as prescribed by the MSRB, a notice in substantially the form attached as Exhibit A. <br /> <br /> (c) With respect to each Annual Report, the Dissemination Agent shall: <br />(i) determine each year prior to the Annual Report Date the <br />then–applicable rules and electronic format prescribed by the MSRB for the filing of annual continuing disclosure reports; and <br /> (ii) if the Dissemination Agent is other than the City, file a report with the City certifying that the Annual Report has been provided <br />pursuant to this Disclosure Certificate, and stating the date it was provided. <br />Section 4. Content of Annual Reports. The City’s Annual Report shall contain or incorporate by reference the following: <br /> (a) The City’s audited financial statements prepared in accordance with generally accepted accounting principles as promulgated to apply to governmental entities from <br />time to time by the Governmental Accounting Standards Board. If the City’s audited financial
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