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Ordinance 2607-02
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Ordinance 2607-02
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Ordinances
Ordinance Number
2607-02
Date
5/22/2002
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year and the new reporting date to each then existing NRMSIR and the SID, if any. In lieu of <br /> providing such annual financial information and operating data, the City may cross-reference to <br /> other documents provided to the NRMSIR's, the SID or to the Commission and, if such <br /> document is a final official statement within the meaning of the Rule, available from the MSRB. <br /> If not provided as part of the annual financial information discussed above, the City shall <br /> provide the City's audited annual financial statement prepared in accordance with regulations <br /> prescribed by the State Auditor pursuant to RCW 43.09.200 (or any successor statutes), when <br /> and if available,to each then existing NRMSIR and the SID, if any. <br /> (c) Material Events. The City agrees to provide or cause to be provided, in a <br /> timely manner, to the SID, if any, and to each NRMSIR or to the MSRB notice of any of the <br /> following events with respect to the Bonds, if material: <br /> • Principal and interest payment delinquencies; <br /> • Non-payment related defaults; <br /> • Unscheduled draws on debt service reserves reflecting financial <br /> difficulties; <br /> • Unscheduled draws on credit enhancements reflecting financial <br /> difficulties; <br /> • Substitution of credit or liquidity providers, or their failure to perform; <br /> • Adverse tax opinions or events affecting the tax-exempt status of the <br /> Bonds; <br /> • Modifications to rights of Bondholders; <br /> • Bond calls; <br /> • Defeasances; <br /> -50- P\CMW\CMW5BE 02/05/21 <br />
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