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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 6 of 11 <br />information is provided as is without warranty of any kind and the City makes no <br />representation, express or implied, as to the accuracy, reliability, completeness or <br />timeliness of this information, and is not responsible for any loss or damage incurred by <br />any party using this information. This website and the information contained herein do <br />not constitute an offer to sell or the solicitation of an offer to buy any securities.” <br /> Other Public Statements. The Disclosure Coordinator is not required to review all public <br />statements made by officials of the City. However, whenever the City makes statements or releases <br />information that would be material to an investor in the City’s bonds (e.g., could have a material impact <br />on the ability of the City to repay one of more of its bond issues) and that is intended (or reasonably can <br />be expected) to be accessible to and relied upon by investors or potential investors in the City’s bonds, <br />the City is obligated to ensure that such statements and information are complete, true, and accurate in <br />all material respects. The City can minimize (although not eliminate) the risk of materially inaccurate <br />public statements if it files current comprehensive disclosure information on EMMA and/or its website in <br />accordance with this Disclosure Policy. In addition, to the extent that the Disclosure Coordinator becomes <br />aware of a materially inaccurate public statement made by an official of the City reasonably accessible to <br />and material to investors, the Disclosure Coordinator shall attempt to have such information publicly <br />corrected. <br /> <br />Training <br /> <br />The Disclosure Coordinator shall ensure that the members of the City staff involved in the initial <br />or continuing disclosure reporting process and members of the City Council are properly trained to <br />understand and perform their responsibilities. Each City Council member shall participate in a disclosure <br />training session as appropriate. <br /> <br />The Disclosure Coordinator shall arrange for disclosure training sessions conducted by counsel <br />qualified to serve as bond counsel and/or disclosure counsel to the City. Such training sessions shall <br />include the City’s disclosure obligations under applicable federal and state securities laws as well as the <br />City’s contractual obligations related to continuing disclosure. The training sessions should also include <br />the disclosure responsibilities and potential liabilities of members of the City’s staff and members of the <br />City Council, and education on this Disclosure Policy. Such training sessions may be conducted using <br />recorded presentations. <br /> <br />This Debt Disclosure Policy shall be distributed to each person receiving training at the time they <br />receive their training. Upon the adoption or amendment of this policy, a copy of this policy, as adopted <br />or amended, shall also be distributed to the City Attorney, City Manager, ACM/ASD, each City Council <br />Member, the Disclosure Coordinator and any member of a Financing Group or of the Annual Disclosure <br />Compliance Group. <br /> <br />Updates to Disclosure Policy <br /> <br />The Disclosure Policy shall be reviewed periodically by the Disclosure Coordinator. In addition, at <br />any time all officers and employees of the City are invited and encouraged to make recommendations for <br />changes to this Disclosure Policy so that it fosters better compliance with applicable law, results in better <br />information to investors, or makes the procedures required by this Disclosure Policy more efficient. <br />