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06-08-2020 Council Packet
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06-08-2020 Council Packet
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12/2/2021 1:57:27 PM
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City Council
Council Document Type
Council Packet
Meeting Date
06/08/2020
Council Meeting Type
Regular
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<br />II-5 <br /> Section 10. Additional Information. Nothing in this Disclosure Certificate shall be deemed to <br />prevent the Issuer from disseminating any other information, using the means of dissemination set forth in this <br />Disclosure Certificate or any other means of communication, or including any other information in any Annual <br />Report or notice of occurrence of a Material Event, in addition to that which is required by this Disclosure <br />Certificate. If the Issuer chooses to include any information in any Annual Report or notice of occurrence of a <br />Material Event in addition to that which is specifically required by this Disclosure Certificate, the Issuer shall <br />have no obligation under this Disclosure Certificate to update such information or include it in any future <br />Annual Report or notice of occurrence of a Material Event. <br /> <br /> Section 11. Default. In the event of a failure of the Issuer to comply with any provision of this <br />Disclosure Certificate any Holder of the Bonds may take such actions as may be necessary and appropriate, <br />including seeking mandamus or specific performance by court order, to cause the Issuer to comply with its <br />obligations under the Resolutions and this Disclosure Certificate. A default under this Disclosure Certificate <br />shall not be deemed an event of default with respect to the Bonds and the sole remedy under this Disclosure <br />Certificate in the event of any failure of the Issuer to comply with this Disclosure Certificate shall be an action <br />to compel performance. <br /> <br /> Section 12. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the <br />Issuer, the Participating Underwriters, and the Holders from time to time of the Bonds, and shall create no <br />rights in any other person or entity. <br /> <br /> IN WITNESS WHEREOF, we have executed this Disclosure Certificate in our official capacities <br />effective as of the date and year first written above. <br /> <br /> <br /> <br />CITY OF LINO LAKES, MINNESOTA <br /> <br /> <br /> <br />Mayor <br /> <br /> <br /> <br />City Administrator
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