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06/18/2012 <br /> ATTACHMENT1 <br /> changes in land use entitlements relating to parcels securing the bonds, significant <br /> challenges to the development of the property comprising the project, building permits <br /> and certificates of occupancy issued for parcels in the District, copies of reports required <br /> to be filed by the District with the California Debt and Investment Advisory Commission, <br /> and the occurrence of certain significant events (all of which are listed) relating to the <br /> security provided to investors. <br /> Official Statement — This is the City's primary disclosure document. It discloses to <br /> investors all material information relating to the making of an informed investment <br /> decision. It includes such information as the authority for the bonds, the application of <br /> bond proceeds, the nature and value of the security for the repayment of the bonds, <br /> bond owner's risks in purchasing the bonds, a description of the real estate project on <br /> the land securing the bonds its location, and information regarding tenant leases and <br /> property values, the terms of the bonds and the rights of the owners of the bonds, the <br /> procedure for taxing property securing the bonds, complete copies of the special tax <br /> formula, and other important information. The preliminary official statement is used as a <br /> marketing document and is sent to potential investors prior to the bond sale. After the <br /> bond sale all the blanks (usually relating to the final amount of bonds sold, the <br /> application of bond proceeds, the amount of the underwriter's discount, final interest <br /> rates and reoffering yields or prices of the bonds, and the amount of debt service on the <br /> bonds) are filled in and a final official statement is delivered to each purchaser of the <br /> bonds. <br /> Preliminary,as of 12/8/11 RESO. 15197 <br /> 2 MUFF#505 <br />