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Secondary disclosure requirementsresult from an SEC requirement that underwriters <br />provide ongoing disclosure information to investors. To meet this requirement, any <br />prospective underwriter will require the City to commit to providing the information needed <br />to comply under a continuing disclosure agreement. <br />Baker Tilly currently provides continuing disclosure services to the Municipal Utilities and <br />the City. Baker Tilly will work with staff to include the Bonds under the existing Agreement <br />for Municipal Advisor Services. <br />SUPPLEMENTALSupplementary information will be available to staff including detailed terms and <br />conditions of sale, comprehensive structuring schedules and information to assist in <br />INFORMATION AND <br />meeting post-issuance compliance responsibilities. <br />BOND RECORD: <br />Upon completion of the financing, a bond record will be provided that contains pertinent <br />documents and final debt service calculations for the transaction. <br />Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and controlled subsidiary of Baker Tilly US, LLP, an accounting firm. Baker <br />Tilly US, LLP trading as Baker Tilly, is a member of the global network of Baker Tilly International Ltd., the members of which are separate and <br />independent legal entities. © 2021 Baker Tilly Municipal Advisors, LLC. <br />Page 4 <br />