AgdaPkt 2019-05-20 Joint SA PFA - Laserfiche WebLink

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6.H. - Page 23 of 28 1 ATTACHMENT B The Disclosure Coordinator shall arrange for disclosure training sessions conducted by counsel qualified to serve as bond counsel and/or disclosure counsel to the City. Such training sessions shall include the City's disclosure obligations under applicable federal and state securities laws as well as the City's contractual obligations related to continuing disclosure. The training sessions should also include the disclosure responsibilities and potential liabilities of members of the City's staff and members of the City Council, and education on this Disclosure Policy. Such training sessions may be conducted using recorded presentations. This Debt Disclosure Policy shall be distributed to each person receiving training at the time they receive their training. Upon the adoption or amendment of this policy, a copy of this policy, as adopted or amended, shall also be distributed to the City Attorney, City Manager, ACM/ASD, each City Council Member, the Disclosure Coordinator and any member of a Financing Group or of the Annual Disclosure Compliance Group. EaGh peFSOR reneoViRCI the 0010GV shall Provide the DOGGIOSUFe Coordinator with a signed aGknewler! ement that he or she hos renewed the nnlinvi Updates to Disclosure Policy The Disclosure Policy shall be reviewed annuallyperiodically by the Disclosure Coordinator. In addition, at any time all officers and employees of the City are invited and encouraged to make recommendations for changes to this Disclosure Policy so that it fosters better compliance with applicable law, results in better information to investors, or makes the procedures required by this Disclosure Policy more efficient. The Disclosure Coordinator shall consider its review and any recommendation and advice received from officers and employees of the City and determine whether to propose a change to this Disclosure Policy. Any change to this Disclosure Policy shall be approved by resolution of the City Council. Definitions " onds" means bonds, notes, certificates of obligation, certificates of participation, and other debt obligations or securities of the City, or the payment of which the City is obligated to support by a lease, contract, or other arrangement, that are sold to or otherwise held or traded in by the public. "Public Statement' means any statement or other communication that is intended (or reasonably can be expected) to be accessible to and relied upon by investors in the City's bonds, including, as applicable: (a) preliminary and final Official Statements and other documents by which securities are offered to the public by the City as well as solicitation statements by which the City offers to purchase its bonds or requests consents or waivers regarding bonds; (b) financial and operating data and Listed Event notices filed with the MSRB through EMMA pursuant to a continuing disclosure agreement; ATTY/RESO.0046/CC RESO APPROVING DEPT DISCLOSURE POLICIES & PROCEDURES -ATTACHMENT B REV: 05-07-19 VR Page 7 of 12 Last update: 5/24/16 319