HomeMy WebLinkAboutIR 9971 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9971
To the Mayor and Members of the City Council December 13, 2016
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*a SUBJECT: CUSTOMIZED ELECTRONIC MUNICIPAL MARKET ACCESS
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ISSUER HOMEPAGE
The purpose of this Informal Report is to update the Mayor and Council on a completed initiative
associated with the creation of a customized Electronic Municipal Market Access (EMMA) issuer
homepage for the City of Fort Worth. This project is part of our overall goal to improve investor
relations by providing access to timely and comprehensive information about the City.
Electronic Municipal Market Access (EMMA°)
In 2008 the Municipal Securities Rulemaking Board (MSRB) launched the EMMA° website.
EMMA° is the official repository for information on municipal bonds, providing free access to
official disclosures, trade data, bond ratings and other information about the municipal securities
market. The website was designed as an online platform to bring greater transparency to the
municipal bond market.
Other than housing the City's securities data, EMMA°also helps the City comply with disclosure
requirements set out in continuing disclosure agreements entered into under Securities and
Exchange Commission Rule 15c2-12. These agreements are required under the rule in order to
permit an underwriter to underwrite new issues and require the issuer to provide continuing
disclosure to the MSRB. Continuing disclosure documents include financial information, operating
data and audited financial statements.
Customized Homepage
Recently, EMMA° released a pilot feature that enables issuers to enhance the display of their
municipal securities information by creating a custom issuer homepage. This feature allows the
City to more effectively communicate with investors and monitor information about its bond
issues. Before the customized homepage, there was no one place to find the City's data. An
investor had to search each issue to get all of the information needed to evaluate the City. The
customized homepage consolidates the City's information and gives investors easy access to the
City's data.
Issuer homepages are accessed through an interactive map that allows investors to browse a
comprehensive directory of state, city, county and other issuers in a particular state. After clicking
on the state, a quick search will bring up the link to the City's customized homepage.
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9971
To the Mayor and Members of the City Council December 13, 2016
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*a SUBJECT: CUSTOMIZED ELECTRONIC MUNICIPAL MARKET ACCESS
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ISSUER HOMEPAGE
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BROWSE ISSUERS
Find an Issuer
Rnd any municipal securities issuer by state.Click an a state in the interactive map ro browse a searchable kis[of cities,counties and other issuing authorities and access
information about their municipal Securities.
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Some of the customizations include;
• Customizing the name of the page to ensure investors can quickly and easily locate
information
• Providing contact information for investors
• Adding links to the City's website
• Displaying preliminary official statements and other pre-sale documents
• Confirming the list of bond issues included on an issuer homepage to provide
investors with a consolidated view of information and disclosures about all relevant
securities
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9971
To the Mayor and Members of the City Council December 13, 2016
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*a SUBJECT: CUSTOMIZED ELECTRONIC MUNICIPAL MARKET ACCESS
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BROWSE ISSUERS
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CITY OF FORT WORTH,TQ{A.S(T)O Issuer's Contact Information
Carltact Address City,State,Tip Phone Number
Click on a tab to access data and documents about this issuers municipal securities. Trey Imes 260 Texas Street Fort Worth,TX 76182 {8117 352.8500
Email Address. Issuer Website(s)
john.i mesiPfortworthtexas.gov City of Fart Worth,Texas Website 0
Issues Trade AEdAty Pre-Sale documents Official Statements Refunded Issues Financial Disclosures Event-Based Disclosures '
Click on the issue description to view details about the issue.
Display F,D * results I Filter results: Firs[ Previews Next Last
Issue Description Dated Date
REVENUE REFUNDING BMDS,SERIES 2016 D511512D16
WATERAND SEWER SYSTEM REVENUE REFUNDINGAN❑IMPROVEMENT 8!l,DS 7.E1&:1e-i'_ 05%152015
RFDG&IMPT 05115RD16
RFDG 0&'15+2016
SER B 1110112015
WATER AND SEWER SYSTEM REVENI[E REFUND NG AND IMPROVEMENT BONDS.SERIES 5.4 0716112015
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4AL PURP -�l- "`1DS.SEPJ ES 2015 01:012015
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`J AND WISE COUNITES,TEIGSS]WATER AND SEWER SYSTEM REVENUE REFUNDING AND IMPRO- 'I-BONDS SERIES 2014 M0112014
Displaying 1 to 104160 resulrs Fest Preuous III I`I LI H4 P Next O
The customized homepage also provides the City with a centralized view of trading activity,
official statements, continuing disclosures and refunding escrows for our issues. To help the
issuers monitor their homepage, EMMA°will also send notifications to the organizational contact
when new issues are reported.
If you have any questions, please call Aaron Bovos, Chief Financial Officer, at 817-392-8517.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS