Resolutions-2021-016

16. Default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a financial obligation of the obligated person, any of which reflect financial difficulties. The determination of whether a material event has occurred will be made pursuant to the Rule and SEC Release No. 34-83885, in conjunction with disclosure counsel. 4. The City Administrator shall have primary responsibility for ensuring that statements or releases of information relating to the Issuer’s finances to the public that are reasonably expected to reach investors and the financial markets, including website updates, press releases and market notices, are accurate and not misleading in any material respect. The City Administrator shall work together to ensure that all public statements and information released by the Issuer are accurate and not misleading in all material respects. 5. The City Administrator shall be responsible for compiling and maintaining a list of all outstanding bond issues subject to continuing disclosure, noting the applicable filing dates (see attached table format, Part I, for an example to be used by staff in tracking this information (the “Disclosure Table”)). 6. The City Administrator shall be responsible for assembling and maintaining copies of the final CDC and final Official Statements for each applicable bond issue, together with any third-party Dissemination Agent Agreements, if applicable. 7. The City Administrator shall document and track the required information to be filed, including dates such information is filed (see attached Disclosure Table, Part II, for a form of table to be used by staff). 8. The City Administrator shall be responsible for registering for continuing disclosure filing email reminders from the “EMMA” website, or for ensuring the City’s dissemination agent will remind the City of applicable deadlines (http://emma.msrb.org). 9. At least 60 days prior to the earliest filing deadline listed on the Disclosure Table, the City Administrator shall begin the process of compiling necessary information required by the CDCs (and coordinate with outside professionals hired to compile this information, if applicable). 10. At least 30 days prior to each filing deadline, City Administrator shall determine whether all necessary items have been compiled for filing pursuant to the CDC requirements, (including review with disclosure counsel or the City’s dissemination agent). 11. Prior to each filing deadline, City Administrator shall file (or cause any Dissemination Agent to file) the necessary items on the EMMA website in a word-searchable PDF configured to be saved, printed, and retransmitted by electronic means. After filing, the City Administrator shall confirm that all items have, in fact, been filed on EMMA as required, and shall note the filing date on the Disclosure Table. 12. The City Administrator shall be responsible for coordinating and filing any voluntary information with EMMA, after consultation with the Issuer’s legal and financial professionals. 13. The City Administrator may contact the Issuer’s disclosure counsel with any disclosure-related questions or concerns.