04-27-2015 Council Packet - Laserfiche WebLink

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APPENDIX II CONTINUING DISCLOSURE CERTIFICATE City of Lino Lakes, Minnesota General Obligation Bonds Series 2015A CONTINUING DISCLOSURE CERTIFICATE May _, 2015 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 General Obligation Bonds, Series 2015A (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"). The Bonds are being delivered to (the "Purchaser") on the date hereof. 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 generally accepted accounting principles for governmental units ("GAAP") as prescribed by the Governmental Accounting Standards Board ("GASB"). "Bonds" means the General Obligation Bonds, Series 2015A, issued by the Issuer in the original aggregate principal amount of $ "Disclosure Certificate" means this Continuing Disclosure Certificate. "EMMA" means the Electronic Municipal Market Access system operated by the MSRB and designated as a nationally recognized municipal securities information repository and the exclusive portal for complying with the continuing disclosure requirements of the Rule. "Final Official Statement" means the deemed Final Official Statement, dated , 2015, which constitutes the final official statement delivered in connection with the Bonds, which is available from the MSRB.