Laserfiche WebLink
APPENDIX A <br />EHLERS DISSEMINATION AGENT SERVICES AND FEES <br />Ehlers' continuing disclosure services are designed to assist the Issuer in meeting its continuing disclosure <br />obligations. Depending on the size of a transaction and the total:amount of debt outstanding at the time of <br />issuance, different debt :issues may besubject to different reporting requirements. Ehlers will provide the <br />services identified below, which are reflective of the Issuer's requirements under its respective Continuing <br />Disclosure Undertaking (CDU.). In no event will Ehlers. assist Issuer assessing whether information. <br />provided or:omitted as part.of:an annual filing is "material' or whether an. event is "material" under: the <br />federal securities laws requiring the filing. of an event notice.pursuant to a CDU. If the Issuer. accepts this <br />letter and engages Ehlers as..the Di ssen inationAgent, Ehlers.shall provide: the following` services and charge. <br />the following fees: <br />Full Disclosure Services. <br />.Background <br />Since 1995, Securities and Exchange Commission (SEC) rule 15c2-.12 (the "Rule'.') has re.quiredunderwriters <br />of municipal securities to ensure that issuers are obligated to provideperiodic reporting of specific <br />information with respect to certain issues of municipal. securities. An issuer is classified as a "full disclosure" <br />reporting entity when it issues securities subject to the Rule in an amount of $l.million or more, and :further <br />provided that total securities subjectto the Rule and.currently outstanding exceed $10 million. Full. disclosure. <br />reporting entities must: <br />• File reports consisting of specific information at. least annuallywith the Municipal Securities Ruleinaking <br />Board's (MSRB). Electronic Municipal Market Access (EMMA) system (http:llemma.msrb.or]. <br />File "Event Notices" regarding enumerated events specified in SEC rules and CDUs within 10 business <br />days of occurrence. Event Notices are filed through the same. EMMA system. <br />`Description of Services <br />Issuer engages%Ehlers to provide the following services:in connection with the preparation and.dissernination <br />of Issuer's continuing disclosure reports and. Event Notice filings in connection with: all. outstanding debt <br />issues of Issuer subj ect to the Rule and for which continuing disclosure reports. or filings are required. During <br />the Term ofthe engagement, Ehlers shallprovide the services hereinatlerdescribed with respeetto all existing <br />;and future securities of the Issuer subject to the Rule and having continuing disclosure. requirements, Ehlers <br />shall.provide these services for.any other securities of the Issuer when requested. in. writing by the Issuer: <br />Annual Filings, or More: Frequently,. if Required <br />a. Review and catalog of all Continuing. Disclosure Agreeinent/Certificate/Undertaking (CDU}'.s of <br />Issuer relative to current: and:future.issues of securities subject. to the Rule.. <br />b. Creation of a timetable. for the anticipated; schedule of events relating:.to the preparation of Issuer's <br />annual (or more frequently, if required) continuing disclosure report. <br />c. Collection of information from third parties and Issuer; as applicable, to the .extent .necessary to <br />prepare the annual (or snore frequently; if required) continuing disclosure report.. <br />d. Preparing the annual (or more frequently, if required) continuing disclosure.reportin a standardized <br />format acceptable for submission to the EMMA system, or any future industry standard. <br />e. Submission ofthe annual (or more frequently,:ifrequired) continuing disclosure report and any Event <br />Notices to the designated. recipient. based on`the applicable CDU'.s of Issuer and all laws; rules and <br />regulations relative thereto. <br />