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2006-067
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2006-067
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Last modified
6/21/2017 3:39:40 PM
Creation date
9/30/2015 4:37:34 PM
Metadata
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Template:
Resolutions
Resolution Number
2006-067
Approved Date
05/23/2006
Agenda Item Number
7.G.
Resolution Type
General Obligation Bonds
Entity Name
Series 2006
Subject
General Obligation Bonds Not to Exceed $50 Million
Archived Roll/Disk#
3129
Supplemental fields
SmeadsoftID
1858
Document Relationships
2005-059
(Agenda)
Path:
\Resolutions\2000's\2005
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(k) rating changes; <br />(iii) in a timely manner, to each NRMSIR or to the .MSRB and to the SID, <br />notice of a failure by the County to provide the required annual financial information <br />on or before the date specified in its written continuing disclosure undertaking. <br />The County reserves the right to modify from time to time the specific types of <br />information provided or the format of the presentation of such information, to the <br />extent necessary 'or appropriate in the judgment of the County; provided, that the <br />County agrees that any such modification will be done in a manner consistent with the <br />Rule. The County reserves the right to terminate its obligation to provide annual <br />financial information and notices of material events, as set forth above, if and when the <br />County no longer remains an "obligated person" with respect to the Bonds within the <br />meaning of the Rule. The County acknowledges that its undertaking pursuant to the <br />Rule described under this subheading is intended to be for the benefit of the owners of <br />the Bonds and shall be enforceable by the owners; provided, that the right to enforce <br />the provisions of this undertaking shall be limited to a right to obtain specific <br />enforcement of the County's obligations hereunder, and any failure by the County to <br />comply with the provisions of this undertaking shall not be an event of default with <br />respect to the Bonds under the Resolution. <br />The requirements of (i) above, do not necessitate the preparation of any separate <br />annual report addressing only the Bonds. The requirements of (i) may be met by the <br />filing of a combined bond report or the County's Comprehensive Annual Financial <br />Report; provided, such report includes all of the required information and is available <br />by June 1. Additionally, the County may incorporate any information provided in any <br />prior filing with each NRMSIR or included in any final official statement of the County, <br />provided such final official statement is filed with the MSRB. <br />34 <br />
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