10-24-2016 Council Packet - Laserfiche WebLink

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APPENDIX II II-1 CONTINUING DISCLOSURE CERTIFICATE $____________ City of Lino Lakes, Minnesota General Obligation Water Utility Revenue Bonds Series 2016A $__________ City of Lino Lakes, Minnesota Taxable General Obligation Improvement Refunding Bonds Series 2016B $__________ City of Lino Lakes, Minnesota General Obligation Tax Abatement Refunding Bonds Series 2016C CONTINUING DISCLOSURE CERTIFICATE November 23, 2016 This Continuing Disclosure Certificate (the “Disclosure Certificate”) is executed and delivered by the City of Lino Lakes, Minnesota (the “Issuer”) in connection with the issuance of its (i) General Obligation Water Utility Revenue Bonds, Series 2016A (the “Series 2016A Bonds”), in the original aggregate principal amount of $___________; (ii) Taxable General Obligation Improvement Refunding Bonds, Series 2016B (the “Series 2016B Bonds”), in the original aggregate principal amount of $________; and (iii) General Obligation Tax Abatement Refunding Bonds, Series 2016C (the “Series 2016C Bonds,” and collectively with the Series 2016A Bonds and the Series 2016B Bonds, the “Bonds”), in the original aggregate principal amount of $___________. The Bonds are being issued pursuant to resolutions adopted by the City Council of the Issuer (the “Resolutions”). On the date hereof, the Series 2016A Bonds are being delivered to _________________ (the “Series 2016A Bonds Purchaser”), the Series 2016B Bonds are being delivered to _______________ (the “Series 2016B Bonds Purchaser”), and the Series 2016C Bonds are being delivered to ______________ (the “Series 2016C Bonds Purchaser”). Pursuant to the Resolutions, the Issuer has covenanted and agreed to provide continuing disclosure of certain financial information and operating data and timely notices of the occurrence of certain events. The Issuer hereby covenants and agrees as follows: Section 1. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the Issuer for the benefit of the Holders (as defined herein) of the Bonds in order to provide for the public availability of such information and assist the Participating Underwriter(s) (as defined herein) in complying with the Rule (as defined herein). This Disclosure Certificate, together with the Resolutions, constitutes the written agreement or contract for the benefit of the Holders of the Bonds that is required by the Rule. Section 2. Definitions. In addition to the defined terms set forth in the Resolutions, which apply to any capitalized term used in this Disclosure Certificate unless otherwise defined in this Section, the following capitalized terms shall have the following meanings: “Annual Report” means any annual report provided by the Issuer pursuant to, and as described in, Sections 3 and 4 of this Disclosure Certificate. “Audited Financial Statements” means annual financial statements of the Issuer, prepared in accordance with GAAP as prescribed by GASB.