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Ordinance 2002-162
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Ordinance 2002-162
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Last modified
8/19/2013 4:13:28 PM
Creation date
1/25/2006 4:41:03 PM
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CityClerk-Ordinances
Ordinance Number
2002-162
Date (mm/dd/yyyy)
10/10/2002
Description
Negotiate $18.5 Million Loan from Fla. Municipal Loan Counci
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<br />or immediately after the date such Continuing Disclosure Certificate is so delivered) a narrative <br />explanation of the reasons for the changes in Financial Information and/or Operating Data set forth <br />in such Continuing Disclosure Certificate and the effect of the changes on the types of Financial <br />Information and/or Operating Data being provided in such Annual Report; and (d) in the event that <br />the Borrower authorizes a change in the accounting principles by which its Audited Financial <br />Statements are prepared, contains (in the case of the Annual Report disseminated on or immediately <br />after the date of such change) (I) a comparison between the Financial Information prepared on the <br />basis of the new accounting principles which is contained in such Annual Report and the Financial <br />Information prepared on the basis of the former accounting principles which was contained in the <br />previous Annual Report disseminated immediately prior to such Annual Report and (2) a discussion <br />of the differences between such accounting principles and the effect of such change on the <br />presentation of the Financial Information being provided in such Annual Report. <br /> <br />"Annual Report Certificate" means an Annual .Report Certificate in the form attached <br />hereto as Exhibit A. <br /> <br />"Annual Report Date" means the date which is 270 days after the end of a Fiscal Year. <br /> <br />"Audited Financial Statements" means the financial statements of the Borrower which <br />have been examined by independent certified public accountants in accordance with generally <br />accepted auditing standards. The Audited Financial Statements shall be prepared in accordance <br />with generally accepted accounting principles on a comparative basis for the two Fiscal Years <br />immediately preceding the date of the Annual Report. <br /> <br />"Bondholder" means (i) the registered owner of a Bond and (ii) the beneficial owner of a <br />Bond, as the term "beneficial owner" is used in any agreement with a securities depository for the <br />Bonds and as the term may be modified by an interpretation of the SEC of paragraph (b)( 5) of the <br />Rule. <br /> <br />"Bonds" means the $ <br />2002B. <br /> <br />Florida Municipal Loan Council Revenue Bonds, Series <br /> <br />"Continuing Disclosure Agreement" means this Continuing Disclosure Agreement, as the <br />same may be supplemented and amended pursuant to Section 8 hereof. <br /> <br />"Continuing Disclosure Certificate" means a Continuing Disclosure Certificate in the <br />form attached hereto as Exhibit B delivered by the Borrower to the Dissemination Agent pursuant to <br />Section 5 hereof. <br /> <br />"Dissemination Agent" means Florida League of Cities, Inc., acting in its capacity as <br />Dissemination Agent hereunder, or any successor Dissemination Agent which is appointed pursuant <br />to Section 3 hereof or to which the responsibilities of Dissemination Agent under this Continuing <br />Disclosure Agreement shall have been assigned in accordance with Section 9 hereof. <br /> <br />"Event Notice" means notice of the occurrence of a Listed Event. <br /> <br />"Final Official Statement" means the Final Official Statement (as defined in paragraph <br />(f)(3) of the Rule) prepared in connection with the Offering of the Bonds. <br /> <br />2 <br />
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