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SA-3 - RESO - REFUNDING BONDS
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SA-3 - RESO - REFUNDING BONDS
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Last modified
9/27/2018 2:45:16 PM
Creation date
9/27/2018 2:32:05 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
10/2/2018
Destruction Year
2023
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(v) Table Nos. 8 and 9 - Debt Service Coverage. <br />(c) Any or all of the items listed above may be included by specific reference to other <br />documents, including official statements of debt issues of the Issuer or related public entities, which are <br />available to the public on the MSRB's Internet web site or filed with the Securities and Exchange <br />Commission. The Issuer shall clearly identify each such other document so included by reference. <br />If the document included by reference is a final official statement, it must be available from <br />EMMA. <br />(d) In addition to any of the information expressly required to be provided under paragraph <br />(b) of this Section 4, the Issuer shall provide such further information, if any, as may be necessary to <br />make the specifically required statements or information (as set forth herein), in the light of the <br />circumstances under which they are made, not misleading. <br />Section 5. Reporting of Sienificant Events. <br />(a) Reportable Events. The Issuer shall, or shall cause the Dissemination (if not the <br />Successor Agency) to, give notice of the occurrence of any of the following events with respect to the <br />Bonds (in accordance with (e) below): <br />(1) <br />Principal and interest payment delinquencies. <br />(2) <br />Unscheduled draws on debt service reserves reflecting financial difficulties. <br />(3) <br />Unscheduled draws on credit enhancements reflecting financial difficulties. <br />(4) <br />Substitution of credit or liquidity providers, or their failure to perform. <br />(5) <br />Defeasances. <br />(6) <br />Rating changes. <br />(7) <br />Tender offers. <br />(8) <br />Bankruptcy, insolvency, receivership or similar event of the obligated person. <br />(9) <br />Adverse tax opinions, the issuance by the Internal Revenue Service of proposed <br />or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other <br />material notices or determinations with respect to the tax status of the security, or other material <br />events affecting the tax status of the security. <br />(b) Material Reportable Events. The Issuer shall give, or cause to be given, notice of the <br />occurrence of any of the following events with respect to the Bonds, if material: <br />(1) <br />Non-payment related defaults. <br />(2) <br />Modifications to rights of security holders. <br />(3) <br />Bond calls. <br />(4) <br />The release, substitution, or sale of property securing repayment of the <br />securities. <br />E-3 <br />SA -3-80 <br />
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