Resolution 2009-012 - Laserfiche WebLink

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power, directly or indirectly, to vote or consent with. respect to, or to dispose of ownership of, such Bond (including persons or entities holding Bonds through nominees, depositories or other intermediaries), or (ii) is treated as the owner of the Bond for federal income tax purposes. (c) Information To Be Disclosed. The Issuer will provide, either directly or indirectly through an agent designated by the Issuer, the following information at the following times in an appropriate manner: (1) At least annually to the state infon-nation depository then designated or operated by the State of Minnesota (the "State Depository"), if any, or, if no State Depository then exists, to any person or entity upon request, the information (the "Disclosure Information") in the Issuer's audited financial statements, which shall be for the most recent fiscal year of the Issuer (if in response to a request, the most recent fiscal year ending not less than 365 days before the date of the request), and, for other such information, the inforination most recently compiled by the Issuer on a customary basis and publicly available under applicable data privacy or other laws. Requests for Disclosure Information should be directed to: City Administrator City of Lake Elmo 3800 Laverne Avenue North Lake Elmo, MN 55042 Telephone: (651) 777-5510 Any or all of the Disclosure Information may be incorporated by reference, if it is updated as required hereby, from other documents, including official statements, which have been submitted to each then nationally recognized municipal securities information repository under the Rule or the SEC. If the document incorporated by reference is a final official statement, it must be available from the Municipal Securities Rulernaking Board. The Issuer shall clearly identify in the Disclosure Information each document so incorporated by reference. If the Disclosure Information is changed because it is no longer compiled or publicly available or this paragraph (c)(1) is amended as permitted by subsection (d), then the Issuer 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 information provided. (2) In a timely manner, to the Municipal Securities Rulemaking Board and to the State Depository, if any, notice of the occurrence of any of the following events which is a Material Fact (as hereinafter defined): (A) Principal and interest payment delinquencies; (B) Non-payment related defaults; (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; M