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

Browse Search

6.H. - Page 27 of 28 1 ATTACHMENT B City Attorney or other senior staff (i.e. City Manager, ACM/CT, or other executive positions within the City), as applicable, will report to the Disclosure Coordinator the execution by the City of any agreement or other obligation which might constitute a "financial obligation" for purposes of Rule 15c2-12 and which is entered into after February 27, 2019. Amendments to existing City agreements or obligations with "financial obligation" which relate to covenants, events of default, remedies, priority rights, or other similar terms should be reported to the Disclosure Coordinator as well as soon as City Attorney or such other senior staff is placed on written notice by City staff, consultants, or external parties of such event or receives a written notice of such amendment requests. Notice to the Disclosure Coordinator is necessary so that the Disclosure Coordinator can determine, with the assistance of disclosure counsel, whether such agreement or other obligation constitutes a material "financial obligation" for purposes of Rule 15c2-12. If such agreement or other obligation is determined to be a material "financial obligation" or a material amendment to a "financial obligation" described above, notice thereof would be required to be filed on EMMA within 10 business days of execution or incurrence. The types of agreements or other obligations which could constitute "financial obligations" and which could need to be reported on EMMA are discussed in the memeranrdum from ldoSGIOSi ire nes insel attaG erd hereto a& -Exhibit -13A. EXHIBIT A LISTED EVENTS For securities, subject to Rule 15c2-12, issued on or after February 27, 2019, or for variable rate demand bonds that are converted from a mode currently exempted from Rule 15c2-12 to a mode not so exempted on or after February 27, 2019, the following events trigger the requirement to file on EMMA, within ten (10) business days of their occurrence, in certain cases as indicated depending on the materiality of the event (which shall be determined as provided in the Disclosure Policy for those Listed Events where it is applicable): 1. Principal and interest payment delinquencies; 2. Non-payment related defaults, if material; 3. Unscheduled draws on debt service reserves reflecting financial difficulties; 4. Unscheduled draws on credit enhancements reflecting financial difficulties; 5. Substitution of credit or liquidity providers, or their failure to perform; 6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the security, or material events affecting the tax- exempt status of the security; 7. Modifications to rights of security holders, if material; 8. Bond Calls, if material, and tender offers; 9. Defeasances; ATTY/RESO.0046/CC RESO APPROVING DEPT DISCLOSURE POLICIES & PROCEDURES - EXHIBIT B REV: 05-07-19 VR Page 11 of 12 323