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Ordinance 2870-05
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Ordinance 2870-05
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11/2/2015 4:02:22 PM
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Ordinances
Ordinance Number
2870-05
Date
9/28/2005
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government entities (and modified as may be required by the Washington State Auditor pursuant <br />to RCW 43.09.200 (or any successor statutes)) and generally of the type included in the official <br />statement for the Bonds under the heading "City of Everett Water and Sewer Utilities, Historical <br />Operating Results;" and <br />(2) The outstanding long-term indebtedness of the System, identifying <br />separately Parity Bonds and all other debt of the System, and stating the debt coverage ratio. <br />Such annual information and operating data described above shall be so provided on or <br />before the expiration of nine months after the end of the City's fiscal year. The City may adjust <br />such date if the City changes its fiscal year by providing written notice of the change of fiscal <br />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 notice of any of the following events <br />with respect to the Bonds, if material: <br />• Principal and interest payment delinquencies; <br />• Non-payment related defaults; <br />-48- PACMW\CMW6WH 09/06/05 <br />
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