4.2. SR 10-18-1999 - Laserfiche WebLink

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APPENDIX \I CONTINUING DISCLOSURE UNDERTAKING This Continuing Disclosure Undertaking (the "Undertaking") is executed and delivered by the City of Elk River, Minnesota (the "City"), in connection with and on the date of actual issuance and delivery of the City's $ General Obligation Improvement Refunding Bonds, Series 1999B, dated November I, 1999 (the "Bonds"). The Bonds are being issued pursual1t to a certain Resolution adopted by the City Council, the governing body of the City, on October 18, 1999 (the "Resolution"). The City hereby covenants and agrees as follows: SECTION 1. Purpose of the Disclosure Undertaking. This Undertaking is being executed and delivered by the City and the City hereby covenants for the benefit of the Bondholders to provide such information and to discharge such other disclosure or reporting obligations as may be required by the applicable provisions of SEC Rule 15c2-12(b)(5). SECTION 2. Definitions. In addition to the definitions set forth in the Resolution, which apply to any capitalized term used but not otherwise defined in this Undertaking, the following capitalized terms shall have the following meanings: "Annual Report" means any annual financial information provided by the City pursuant to, and as described in, Sections 3 and 4 of this Undertaking. "Audited Financial Statements" means the financial statements of the City audited annually by an independent certified public accounting firm, prepared pursuant to generally accepted accounting principles promulgated by the Financial Accounting Standards Board, as modified by governmental accounting standards promulgated by the Government Accounting Standards Board. "Bondholders" means the owners from time to time of the Bonds, including beneficial owners. "Dissemination Agent" means such party from time to time designated in writing by the City to act as information dissemination agent and which has filed with the City a written acceptance of such designation. "Fiscal Year" means the fiscal year of the City, currently the calendar year. "MSRB" means the Municipal Securities Rulemaking Board, located at 1150 18th Street Northwest, Suite 400, Washington, D.C. 20036. "National Repository" means any Nationi1l1y Recognized Municipal Securities Information Repository for purposes of the Rule. Currently, the following are National Repositories: Bloomberg Municipal Repository P.O. Box 840 Princeton, NJ 08542-0840 Phone: (609) 279-3200 Fax: (609) 279-5962 Thomason Municipal Services Attn: Municipal Disclosure 395 Hudson Street - Third Floor New York, NY 10014 Phone: (800) 689-8466 Fax: (212) 989-2078 1080180.1 11-1