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<br />,O~...~ <br />and information regarding delinquent parcels, significant changes in land use entitlements <br />relating to parcels securing the bonds, significant challenges to the development of the <br />property comprising the project, building permits and certificates of occupancy issued for <br />parcels in the District, copies of reports required to be filed by the District with the California <br />Debt and Investment Advisory Commission, and the occurrence of certain significant <br />events (all of which are listed in the continuing disclosure agreement) relating to the <br />security provided to investors. <br /> <br />The developer is also required to provide annual information relating to the development <br />project. <br /> <br />Official Statement - This is the City's primary disclosure document. It discloses to <br />investors all material information relating to the making of an informed investment decision. <br />It includes such information as the authority for the bonds, the application of bond <br />proceeds, the nature and value of the security for the repayment of the bonds, bond <br />owner's risks in purchasing the bonds, a description of the real estate development project <br />to be constructed on the land securing the bonds and its location, the terms of the bonds <br />and the rights of the owners of the bonds, the procedure for taxing property securing the <br />bonds, and other important information. The preliminary official statement is used as a <br />marketing document and is mailed to potential investors prior to the bond sale. After the <br />bond sale all the blanks (usually relating to the final amount of bonds sold, the application <br />of bond proceeds, the amount of the underwriter's discount, final interest rates and <br />reoffering yields or prices of the bonds, and the amount of debt service on the bonds) are <br />filled in and a final official statement is delivered to each purchaser of the bonds. <br />