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Res13 PFA 13-02
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Res13 PFA 13-02
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Last modified
8/27/2013 5:01:28 PM
Creation date
5/23/2013 9:40:50 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Public Finance Authority
Date
5/20/2013
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(b)Other Annual Information.To the extent not included in the audited final statements of <br /> the City,financial information and operating data with respect to the City and the Enterprise for <br /> the preceding fiscal year,substantially as set forth in Exhibit B hereto. <br /> (c)Cross References. Any or all of the items listed in Exhibit B may be included by specific <br /> . reference to other documents, including official statements of debt issues of the City or.related <br /> public entities,which are available to the public on EMMA.The City shall clearly identify each <br /> such other document so included by reference. <br /> (d) Furfher Information. In addition to any of the information expressly required to be <br /> provided under paragraph(b) of this Section 4,the City shall pravide such further information, <br /> if any, as may be necessary to make the specifically required statements, in the light of the <br /> circumstances under which they are made,not misleading. <br /> Section 5.Reporting of Listed Events. <br /> (a) Reportable Events. T'he City shall, or shall cause the Dissemination Agent (if not the <br /> City)to,give notice of the occurrence of any of the following events with respect to the Bonds: <br /> (1) Principal and interest payment delinquencies. <br /> (2) Unscheduled draws on debt service reserves reflecting financial difficulties. <br /> (3) Unscheduled draws on credit enhancements reflecting financial difficulties. <br /> (4) Subsritution of credit or liquidity providers,or their failure to perform. <br /> (5) Defeasances. <br /> (6) Rating changes. <br /> (7) Tender offers. <br /> (8) Bankruptcy,insolvency,receivership or similar event of the obligated person. <br /> (9) Adverse tax opinions,the issuance by the Intemal Revenue Service of proposed <br /> or final determinations of taxability,Notices of Proposed Issue (IRS Form 5701- <br /> � TEB)or other material notices or determinations with respect to the tax status of <br /> the security,or other material events affecting the tax status of the security. <br /> (b) Material Reportable Events. The City shall give, or cause to be given, notice of the <br /> occurrence of any of the following events with respect to the Bonds,if material: <br /> ` (1) Non-payment related defaults. <br /> (2) Modifications to rights of security holders. <br /> , (3) Bond calls. <br /> (4) The release,substitution;or sale of property securing repayment of the securities. <br /> (5) The consummation of a� merger, consolidation, or acquisition involving an <br /> obligated person or the sale of all or substanrially all of the assets of the obligated <br /> �-- ' person,other than in the ordinary course of business,the entry into a definitive <br /> agreement to undertake such an action or the termination of a definitive <br /> agreement relating to any such actions,other than pursuant to its terms. <br /> -3- <br />
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