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2012/09/05 Council Agenda Packet
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2012/09/05 Council Agenda Packet
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Council Agenda Packet
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9/5/2012
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8 • <br /> ityadSolely for purposes of information, and not intending to modify this undertaking,the City- <br /> advises <br /> vises that there is no property securing repayment of the Bonds. <br /> (d) Notification Upon Failure to Provide Financial Data. The City agrees to provide <br /> • or cause to be provided, in a timely manner, to the MSRB notice of its failure to provide the <br /> annual financial information described in Subsection(b) above on or prior to the date set forth in <br /> Subsection(b)above. <br /> (e) Emma; Format for Filings with the MSRB. Until otherwise designated by the <br /> MSRB or the Commission, any information or notices submitted to the MSRB in compliance <br /> with the Rule are to be submitted through the MSRB's Electronic Municipal Market Access <br /> system ("EMMA"), currently located at www.emma.msrb.org (which is not incorporated into <br /> this Official Statement by reference). All notices, financial information and operating data <br /> required by this undertaking to be provided to the MSRB must be in. an electronic format as <br /> • <br /> prescribed by the MSRB. All documents provided to the MSRB pursuant to this undertaking <br /> must be accompanied by identifying information as prescribed by the MSRB. <br /> (1) Termination/Modification. The City's obligations to provide annual financial <br /> information and notices of material events shall terminate upon the defeasance, prior redemption <br /> or payment in full of all of the Bonds. This section, or any provision hereof, shall be null and <br /> void if the City (1)obtains an opinion of nationally recognized bond counsel to the effect that <br /> those portions of the Rule which require this section, or any such provision, are invalid, have <br /> been repealed retroactively or otherwise do not apply to the Bonds; and(2)notifies the MSRB,of <br /> such opinion and the cancellation of this section. Notwithstanding any other provision of this <br /> • ordinance,,the City may amend this section and any provision of this section may be waived with <br /> an approving opinion of nationally recogui7ed bond counsel. <br /> 5 <br /> 29- P:\20287_CM1M20287 9RD 08/14/12 <br />
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