2018/08/08 Council Agenda Packet

(c) Additional Bonds. If Additional Bonds are issued by the District, the provisions of this Agreement shall apply to such Additional Bonds. Section 4.07. District's Continuing Disclosure. (a) Contract/Undertaking. This section confirms the District's written undertaking for the benefit of the owners of the 2014 Bonds as required by Section(b)(5) of the Rule. (b) Financial Statements/Operating Data. The District agrees to provide or cause to be provided to the City for filing with the Municipal Securities Rulemaking Board ("MSRB"), the following annual financial information and operating data for the prior fiscal year (commencing in 2014 for the fiscal year ended December 31, 2014) annual financial statements, which statements may or may not be audited, showing ending fund balances for the District's general fund prepared in accordance with the Budget Accounting and Reporting System prescribed by the Budget Accounting and Reporting System prescribed by the Washington State Auditor pursuant to RCW 43.09.200 (or any successor statute) The information and data described above shall be provided on or before nine months after the end of the District's fiscal year. The District's current fiscal year ends December 31. The District may adjust such date if the District changes its fiscal year by providing written notice of the change of fiscal year and the new reporting date to the MSRB. In lieu of providing such annual financial information and operating data, the District may cross-reference to other documents available to the public on the MSRB's internet website 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 fmancial information discussed above, the District shall provide the District'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 the MSRB. Section 4.08. City's Continuing Disclosure. To meet the conditions of paragraph (d)(2) of United States Securities and Exchange Commission Rule 15c2-12 (the "Rule"), as applicable to a participating underwriter for the 2018 Bonds, the City undertakes for the benefit of holders of the 2018 Bonds to provide or cause to be provided to the MSRB, with copies to the District, the following information(including CUSIPs or other appropriate identifying information for the 2018 Bonds): Annual financial statements, which statements may or may not be audited, showing ending fund balances for the City's general fund prepared in accordance with the Budget Accounting and Reporting System prescribed by the Budget Accounting and Reporting System prescribed by the Washington State Auditor pursuant to RCW 43.09.200 (or any successor statute) and generally of the type included in the official statement for the 2018 Bonds in Appendix H to the official statement. 6 8- 501534419 v3