AgdaPkt 2016-05-23 Closed, Joint SA and PFA

Browse Search

6.3.B. - Page 10 Pursuant to the continuing disclosure undertakings that the City has entered into in connection with its bond offerings, the City is contractually required each year to file annual reports with the Municipal Securities Rulemaking Board's (MSRB) Electronic Municipal Market Access ("EMMA") system in accordance with such undertakings. Such contracts require that the annual reports include certain updated financial and operating information, and the City's audited financial statements (or if they are not available, the City's unaudited financial statements). The City is also required under its continuing disclosure undertakings to file notices of certain Listed Events with EMMA. The procedures for the City to file with respect to its contractual continuing disclosure obligations are set forth in Attachment 1 to this Disclosure Policy. Public Statements Regarding Information Material to City Bond Issues City's Website. The City shall establish and maintain an investor information section of the City's website. Disclosure documents that are material to the City's securities (official statements, CAFRs, Listed Event notices and continuing disclosure annual reports), and no other information, shall be posted to the investor information section of the City's website following their review and approval. The Disclosure Coordinator shall review the investor information section of the City's website at least annually to assure that (a) material third-party information is not linked or referred to without appropriate disclaimers, is not hyperlinked, and is not included unless the Disclosure Coordinator has reason to believe that it is reliable, and identifies the source of the information; (b) dated material information is removed from the website or moved to a clearly labeled archives page; (c) all material financial and operating data is presented as of a specific date with appropriate disclaimers as to the currency of the data; and (d) the material information presented is consistent with the knowledge of appropriate personnel of the City and not internally inconsistent. The City's home page should include the following statement: "The only information on this website that is posted with the intention of reaching the investing public, including bondholders, rating analysts, investment advisors, or any other members of the investment community, is located on the investor information web pages. Other than the specific information presented in the investor information web pages, no other information on the City's website is intended to be the basis of or should be relied upon in making an investment decision. Because each security issued by the City or its related entities may involve different sources of payment and security, you should refer for additional information to the official statement and continuing disclosure filings for the particular security. The information posted in the investor information web pages speaks only as of its date." The investor information of the City's website shall include the following statement on each page of the City's investor website section that shall read: Page 5 of 11