AgdaPkt 2003-07-28 - Laserfiche WebLink

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O.A -55 California is serving as financial advisor to the District and the City and as special tax consultant to the District Payment of the fees of Bond Counsel, Disclosure Counsel and the Financial Ady.isor /Special ax Consultant is contingent upon the sale and delivery of the 2003 Bonds. CONTINUING DISCLOSURE The District will covenant in a Continuing Disclosure Certificate, the form of which is set forth in "APPENDIX E - Form of Continuing Disclosure Certificate" (the "Continuing Disclosure Certlflcatel, for the benefit of holders and beneficial owners of the 2003 Bonds, to provide certain financial information and operating data relating to the District and the 2003 Bonds by not later than 270 days after the end of the District's fiscal year (i.e. April 1) in each year commencing on April 1, 2004 (the "District Annual Report"), and to provide notices of the occurrence of certain enumerated events, if material. The District Annual Report will be filed by the District, or the Dissemination Agent (as defined in the Continuing Disclosure Certificate) on behalf of the District, with each Nationally Recognized Municipal Securities Information Repository, and with the appropriate State repository, if any (collectively, the "Repositories'. Any notice of a specified material event will be filed by or on behalf of the District with the Municipal Securities Rulemaking Board and the appropriate State repository, if any, with a copy to the Fiscal Agent (if different than the Dissemination Agent) and the Underwriter. The specific nature of the information to be contained in the District Annual Report or any notice of a material event is set forth in the Continuing Disclosure Certificate. The covenants of the District in the Continuing Disclosure Certificate have been made in order to assist the Underwriter in complying with Securities and Exchange Commission Rule 15c2 -12(b) (5) (the "Rule'. Neither the City nor the District has ever failed to comply, in any material respect, with an undertaking under the Rule. iiNi1 W:iA- RAt0e] The 2003 Bonds are being purchased by Stone & Youngberg LLC at a purchase price of $ (which represents the aggregate principal amount of the 2003 Bonds ($ 1, less an Underwriter's discount of $ 1. The purchase agreement relating to the 2003 Bonds provides that the Underwriter will purchase all of the 2003 Bonds, if any are purchased, the obligation to make such purchase being subject to certain terms and conditions set forth in such purchase agreement The Underwriter may offer and sell 2003 Bonds to certain dealers and others at prices lower than the offering price stated on the cover page hereof. The offering prices may be changed from time to time by the Underwriter. -38-