Ordinance 2098-95 - Laserfiche WebLink

Such annual information and operating data described above shall be provided on or before the expiration of seven months after the end of the City's fiscal year. The City's current fiscal year ends December 31. The City may adjust such fiscal year by providing written notice of the change of fiscal year to each then existing NRMSIR and the SID, if any. In lieu of providing such annual financial information and operating data, the City may cross-reference to other documents provided to the NRMSIR, the SID or to the Commission and, if such document is a final official statement within the meaning of the Rule, available from the MSRB. If not provided as part of the annual financial information discussed above, the City shall provide the City's audited annual financial statement prepared in accordance with the Budget Accounting and Reporting System prescribed by the Washington State Auditor pursuant to RCW 43.09.200 (or any successor statute)when and if available to each then existing NRMSIR and the SID, if any. C. Material Events. The City agrees to provide or cause to be provided, in a timely manner, to the SID, if any, and to each NRMSIR or to the MSRB notice of the occurrence of any of the following events with respect to the Bonds if material: (1) Failure to pay principal of or interest on the Bonds when due; (2) Substitution of credit or liquidity providers, if any, or their failure to perform; (3) Unscheduled draws on credit enhancements for the Bonds, if any, reflecting financial difficulties; (4) Adverse tax opinions or events adversely affecting the tax-exempt status of the Bonds; (5) Modifications to rights of Bond owners; (6) Optional redemption of Bonds prior to their maturity; (7) Defeasance of the Bonds; (8) Rating change for the Bonds; (9) Non-payment related defaults; -25- J:TWW WHOME10.3N3CXDOC