AgdaPkt 2003-07-28 - Laserfiche WebLink

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A ; = 4 Section 3. Provision of Annual Renortg. (a) The City shall, or shall cause the Dissemination Agent to, not later than 270 days after the end of the City's fiscal year (i.e,. April 1), commencing April 1, 2004 with the report for the 2002 -03 Fisca: Year, provide to each Repository and the Participating Underwriter an Annual Report which is consistent with the requirements of Section 4 of this Disclosure Certificate. Not later than fifteen (15) Business Days prior to said date, the City shall provide the Annual Report to the Dissemination Agent (if other than the City). The Annual Report may be submitted as a single document or as separate documents comprising a package, and may include by reference other information as provided in Section 4 of this Disclosure Certificate; provided that the audited financial statements of the City may be submitted separately from the balance of the Annual Report, and later than the date required above for the filing of the Annual Report if not available by that date. If the City's fiscal year changes, it shall give notice of such change in the same manner as for a Listed Event under Section 5(c). (b) If the City is unable to provide to the Repositories an Annual Report by the date required in subsection (a), the City shall send a notice to the Municipal Securities Rulemaking Board and the appropriate State Repository, if any, in substantially the form attached as Exhibit A. (c) The Dissemination Agent shall: (f) determine each year prior to the date for providing the Annual Report the name and address of each National Repository and each State Repository, if any; and (ll) if the Dissemination Agent is other than the City, file a report with the City certifying that the Annual Report has been provided pursuant to this Disclosure Certificate, stating the date it was provided and listing all the Repositories to which it was provided. Section 4. Content of Annual Renorts. The City's Annual Report shall contain or incorporate by reference the City's audited financial statements (prepared in accordance with generally accepted accounting principles as promulgated to apply to governmental entities from time to time by the Governmental Accounting Standards Board) as well as the following information: (a) Assessed value information (per the San Mateo County Assessor's last equalized tax roll prior to the September next preceding the Annual Report Date) with respect to each parcel, on a parcel by parcel basis, currently subject to the Special Tax within the District, showing the assessed valuation of the real property component of the parcel and the assessed valuation of the improvements on the parcel; (b) In the event there are total delinquencies within the District as of October 1 in any year, delinquency Information, including a list of all parcels delinquent in the payment of the Special Tax, amounts of delinquencies, length of delinquency and status of any foreclosure proceedings for each parcel listed; (c) The amount of prepayments of the Special Tax with respect to the District for the prior Fiscal Year, (d) A parcel -by- parcel breakdown of the Special Tax levy as shown on the San Mateo County Assessor's last equalized tax roll prior to the September next preceding the Annual Report Date; (e) The principal amount of Bonds Outstanding and the balance in the Reserve Fund as of the September 30 next preceding the Annual Report Date; E -2