RESOLUTION 2017-046 Bonding - Laserfiche WebLink

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Notwithstanding the foregoing paragraph, if the audited financial statements are not available by the date specified, the City shall provide can or before such date unaudited financial statements and, within 10 days after the receipt thereof, the City shall provide the audited financial statements. Any or all of the disclosure Information may be incorporated by reference, if it i updated as required hereby, From other documents, including official statements, which have been submitted to the Municipal Securities Rulemaking Board (the MS ) through its Electronic Municipal Market Access System. (EMMA) or the SEC. The City shall clearly identify in the Disclosure Information each document so incorporated by reference. If any part of the Disclosure Information can no longer be generated because the operations of the City have materially changed or been; discontinued, such Disclosure Information need no longer b provided if the City includes in the Disclosure Information a statement to such effect; provided, however, if such operations have been replaced by other City operations in respect of which data is not included in the Disclosure Information and the City determines that certain specified data regarding such replacement operations would be a Material Fact as defined in paragraph ) hereof), then, from and after such: determination., the Disclosure Information shall include such. additional specified data regarding the replacement operations. If the Disclosure Information is changed or this section is amended as permitted by this paragraph b)(1) or subsection (d), then. the City shall include in the next Disclosure Information to be delivered hereunder, to the extent necessary, an explanation of the reasons for the amendment and the effect of any change in the type of financial information or operating data provided: In a timely manner, not in excess of i business days after the occurrence event, to the MSRB through EMMA, notice of the occurrence of following events (each a "Material Fact," as hereinafter defined): (A) principal and interest payment delinquencies; (B) non-payment related defaults, if material; (C) unscheduled draws on debt service reserves reflecting financial difficulties; (D) unscheduled draws on credit enhancements reflecting financial difficulties; (E) substitution of credit or liquidity providers, or their failure to perform; (F) adverse tax opinions, the issuance by the Internal ;revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB),;or other material notices or determinations with respect to the tax status of the Bonds or other material events affecting the tax status of the Bands; (G) modifications to rights of Bond holders, if material; ( ) Bond calls, if material and tender offers; I) defeasances; (J) release, substitution., or sale of property securing repayment of the Bands if material; (K.) rating changes; (L) bankruptcy, insolvency, receivership, or similar event of the obligated. person,