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<br />(b) Primary Offeriny, Disclosure -- Official Statement. The Mayor and the
<br />Director of Finance are authorized and directed, on behalf of the City and in their official capacities,
<br />to (i) prepare or cause to be prepared, and make or authorize modifications, completions or changes
<br />of or supplements to, a disclosure document in the form of an official statement relating to the
<br />original issuance of the Bonds, (ii) determine, and to certify or otherwise represent, when the official
<br />statement is to be "deemed final" (except for pernutted omissions) by the City as of its date or is a
<br />final official statement for purposes of paragraph (b) of the Ru1e, (iii) use and distribute, or authorize
<br />the use and distribution of those official statements and any supplements thereto in connection with
<br />the original issuance of the Bonds, and (iv) complete and sign the final official statement together
<br />with such certificates, statements or other documents in connection with the finality, accuracy and
<br />completeness of those official statements as they may deem necessary or appropriate.
<br />(c) AUeement to Provide Continuing Disclosure. For the benefit of the holders
<br />and beneficial owners from time to time of the Bonds, the City agrees, as the only obligated person
<br />with respect to the Bonds under the Rule, to provide or cause to be provided such financial
<br />information and operating data, audited financial statements and notices, in such manner, as may be
<br />required for purposes of paragraph (b)(5)(i) of the Rule. The City further agrees, in particular, to
<br />provide or cause to be provided:
<br />(i) to each NRMSIR and to the SID, (A) Annual Information for each CiTy
<br />fiscal year ending on or after December 31, 2000, not later than the 270th day
<br />following the end of the fiscal year, and (B) when and if available, audited City
<br />financial statements for each such fiscal year; and
<br />(ii) to each NRMSIR or to the MSRB, and to the SID, in a timely manner,
<br />notice of (A) any Specified Event if that Event is material, (B) the City's failure to
<br />provide the Annual Information within the time specified above, and (C) any change
<br />in the accounting principles applied in the preparation of its annual financial
<br />statements, any change in its fiscal year, its failure to appropriate funds to meet costs
<br />to be incurred to perform the Continuing Disclosure Agreement, and of the
<br />termination of the Continuing Disclosure Agreement.
<br />In order to further describe and specify certain terms of the City's Continuing Disclosure Agreement
<br />made for purposes of the Rule in and pursuant to tlus ordinance and to be formed, collectively, by this
<br />subsection (c) and the Continuing Disclosure Certificate, the Mayor and the Director of Finance are
<br />authorized and directed to complete, sign and deliver the Continuing Disclosure Certificate, in the
<br />name and on behalf of the City, to specify in reasonable detail the Annual Information to be provided
<br />(which may be provided by specific reference to other documents previously filed and available in
<br />accordance with the Rule), whether the City has obtained any credit enhancement or provider for the
<br />Bonds and the City's expectations as to whether audited financial statements will be prepared, the
<br />accounting principles to be applied in their preparation, and whether they will be available together
<br />with, or separately from, Annual Information.
<br />The Mayor and the Director of Finance are further authorized and directed to establish
<br />procedures in order to ensure compliance by the City with its Continuing Disclosure Agreement,
<br />including timely provision of information and notices as described above. Prior to making any filing
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