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9-6-42 <br />,� <br />FORM OF CONTIIWING DISCLOSURE CERTIFICATE <br />This Continuing Disclosure Certificate (the "Disclosure Certificate ") is executed and <br />delivered by the CITY OF REDWOOD CITY (the "City") in connection with the issuance by the <br />City of Redwood City Public Financing Authority of its $ Lease Revenue Bonds, <br />Series 2003 (the "Bonds "). The Bonds are being issued pursuant to Indenture of Trust dated as <br />of November 1, 2003 between the City and BNY Western Trust Company (the "Trustee ") (the <br />"Indenture "). The City covenants and agrees as follows: <br />Section 1. Purpose of the Disclosure Certificate. This Disclosure Certificate is being <br />executed and delivered by the City for the benefit of the holders and beneficial owners of the <br />Bonds and in order to assist the Participating Underwriters in complying with S.E.C. Rule 15c2- <br />12 (b) (5). <br />Section 2. Definitions. In addition to the definitions set forth in the Indenture, which <br />apply to any capitalized term used in this Disclosure Certificate unless otherwise defined in <br />this Section, the following capitalized terms shall have the following meanings: <br />"Annual Report" shall mean any Annual Report provided by the City pursuant to, and <br />as described in, Sections 3 and 4 of this Disclosure Certificate. <br />"Dissemination Agent" shall mean the City, or any successor Dissemination Agent <br />designated in writing by the City and which has filed with the City a written acceptance of such <br />designation. <br />"Listed Events" shall mean any of the events listed in Section 5(a) of this Disclosure <br />Certificate. <br />"National Repository" shall mean any Nationally Recognized Municipal Securities <br />Information Repository for purposes of the Rule. <br />"Participating Underwriter" shall mean any of the original underwriters of the Bonds <br />required to comply with the Rule in connection with offering of the Bonds. <br />"Repository" shall mean each National Repository and each State Repository. <br />"Rule" shall mean Rule 15c2- 12(b)(5) adopted by the Securities and Exchange <br />Commission under the Securities Exchange Act of 1934, as the same may be amended from time <br />to time. <br />"State Repository" shall mean any public or private repository or entity designated by <br />the State of California as a state repository for the purpose of the Rule and recognized as such <br />by the Securities and Exchange Commission. As of the date of this Disclosure Certificate, there <br />is no State Repository. <br />Section 3. Provision of Annual Reports. <br />(a) The City shall, or shall cause the Dissemination Agent to, not later than nine (9) <br />months after the end of the City's fiscal year (which currently would be April 1), commencing <br />with the report for the 2002 -03 Fiscal Year, provide to each Repository an Annual Report which <br />D -1 <br />