RESO 1996-01 - TRA Disclosure Agreementi� -l�,
.4141- 0/ --------------
LNG THE EXECUTION AND DELIVERY OF A
G DISCLOSURE AGREEMENT
XAS
E
, the City of Huntsville (the "Disclosure Party ") and the Trinity River Authority
(the "Issuer ") have heretofore entered into, and may in the future enter into, contracts
o the provision of facilities and/or services by the Issuer for the benefit of the Disclosure
d
WHEREAS, in connection with the financing of the facilities and/or services provided by the
er for the benefit of the Disclosure Party, the Issuer has, and/or will, from time to time authorize,
ssue and deliver bonds (the "Bonds ") of the Issuer supported by payments to be made by the
Disclosure Party pursuant to such contracts; and
WHEREAS, the United States Securities and Exchange Commission has adopted Rule 15c2-
12, as amended from time to time (the "Rule "); and
WHEREAS, the Rule provides that a broker, dealer or municipal securities dealer of Bonds
issued after the effective dates set forth in the Rule, may not purchase or sell Bonds in connection
with an offering thereof unless, prior to the purchase or sale thereof, "obligated persons ", or entities
acting on behalf of "obligated persons", have undertaken to provide certain updated financial
information and operating data annually, and timely notice of specified material events, to certain
information vendors; and
WHEREAS, in order to comply with the Rule and facilitate the future issuance of Bonds, the
Disclosure Party and the Issuer have agreed that it is deemed appropriate and necessary to enter into
the Continuing Disclosure Agreement (the "Agreement ") hereinafter authorized to be executed and
delivered.
THEREFORE, BE IT RESQ VED BY THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE:
Section 1. That the recitals set forth in the preamble hereof are incorporated herein and shall
have the same force and effect as if set forth in this Section.
Section 2. That the Mayor, the Mayor Pro Tem or the City Manager of the Disclosure Party
are hereby authorized and directed to execute and deliver, and the City Secretary is authorized and
directed to attest, the Agreement substantially in the form and substance attached hereto.
Section 3. That the Agreement shall become effective and enforceable in accordance with its
terms immediately upon execution and delivery thereof for all intents and purposes.
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