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6.A. - Page 25 of 29 <br />The Disclosure Coordinator shall consider its review and any recommendation and advice <br />received from officers and employees of the City and determine whether to propose a change to this <br />Disclosure Policy. Any change to this Disclosure Policy shall be approved by resolution of the City Council. <br />Definitions <br />"Bonds" means bonds, notes, certificates of obligation, certificates of participation, and other <br />debt obligations or securities of the City, or the payment of which the City is obligated to support <br />by a lease, contract, or other arrangement, that are sold to or otherwise held or traded in by the <br />public. <br />"Public Statement" means any statement or other communication that is intended (or reasonably <br />can be expected) to be accessible to and relied upon by investors in the City's bonds, including, as <br />applicable: <br />(a) preliminary and final Official Statements and other documents by which securities are offered <br />to the public by the City as well as solicitation statements by which the City offers to purchase its <br />bonds or requests consents or waivers regarding bonds; <br />(b) financial and operating data and Listed Event notices filed with the MSRB through EMMA <br />pursuant to a continuing disclosure agreement; <br />(c) other information filed with the MSRB through EMMA; <br />(d) information uploaded or linked or posted to the investor information section of the City's <br />website; and <br />(e) press releases and other formal statements of the City that are reasonably accessible by <br />investors and that include information that is material to the City's ability to repay its bonds in <br />accordance with their terms. <br />Miscellaneous <br />This Disclosure Policy is intended for the internal use of the City only and is not intended to <br />establish any duties in favor of or rights of any person other than the City. <br />The officers and employees charged by this Disclosure Policy with performing or refraining from <br />any action may depart from this Disclosure Policy when they and the Disclosure Coordinator in good faith <br />determine that such departure is in the best interests of the City and consistent with the duties of the City <br />under federal and state securities laws or the contractual disclosure obligations of the City. Any such <br />departure undertaken solely by the Disclosure Coordinator shall require approval of the City Attorney. <br />ATTY/RESO.0046/CC RESO APPROVING DEPT DISCLOSURE POLICIES & PROCEDURES — EXHIBIT A <br />REV: 05-07-19 VR <br />Last update: 5/20/2019 <br />Page 7 of 11 <br />W <br />