4.2. SR 10-18-1999 - Laserfiche WebLink

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DPC Data Inc. One Executive Drive Fort Lee, NJ 07204 Phone: (201)346-0791 Fax: (201) 945-0107 E-Mail: Nrmsir@dpcdata.com Kenny Information Systems Inc. Attn: Repository Services 65 Broadway - 16th Floor New York, NY 10006-4595 Phone: (212) 770-4595 Fax: (212) 797-7994 "Occurrence(s)" means any of the events listed in Section 5 of this Undertaking. "Repository" means each National Repository and each State Depository. "Rule" means Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time and made applicable to the Bonds, and as may be officially interpreted by the Securities and Exchange Commission. "State" means the State of Minnesota. "State Depository" means any public or private repository or entity designated by the State as a state depository for the purpose of the Rule. As of the date hereof, there is no State Depository in Minnesota. SECTION 3. Provision of Annual Reports. A. Within one year after the end of each Fiscal Year, commencing with the Fiscal Year ending December 31, 1999, the City shall provide, or shall cause the Dissemination Agent to provide, to each Repository an Annual Report which is consistent with the requirements of Section 4 of this Undertaking. B. If the City is unable to provide to the Repositories an Annual Report by the required date, the City shall send a notice of such delay and estimated date of delivery to each Repository and shall provide the Annual Report to each Repository as soon as it becomes available. SECTION 4. Content of Annual Reports. The City's Annual Report shall contain or incorporate by reference the following financial information and operating data pertaining to the City: A. An update of the type of information contained in the Official Statement for the Bonds under the captions CITY PROPERTY VALUES; CITY INDEBTEDNESS; and CITY TAX RATES, LEVIES AND COLLECTIONS. Any or all of this information may be incorporated by reference from other documents, including official statements of debt issues of the City which have been submitted to each of the Repositories or the SEC. If the document incorporated by reference is a final official statement, it must also be available from the MSRB. The City shall clearly identify each such other document so incorporated by reference. B. Audited Financial Statements of the City; provided that if such Audited Financial Statements are not available on or before the date for filing the Annual Report with the Repositories, unaudited fmancial statements shall be provided. The Annual Report may be submitted to each Repository as a single document or as separate documents comprising ~ package and may cross-reference other information or documentation. The Audited Financial Statements may be submitted to each Repository separately from the balance of the Annual Report. 1080180.1 11-2