HomeMy WebLinkAboutResolution 1823A Resolution
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WHEREAS, the City of Fort Worth (the "Issuer") has outstanding securities in the state and local government
securities market or is planning an issue in the near future; and
WHEREAS, the Issuer appreciates the support of the investment community for the financing efforts of the Issuer;
and
WHEREAS, the maintenance of ratings,rf any, for the Issuers rated seaufties depends in part upon the continued
availability of information to the rating agencies; and
WHEREAS, the Issuer has been informed that the liquidity of lts securities in the secondary market maybe affected
by the availability of information and maintenance of ratings; and
WHEREAS, the Issuer desires to maintain excellent relations with its investors and to improve the liquidity of the
Issuer's's securities in the secondary market; and
WHEREAS, the Issuer desires to receive a Certificate of Recognition from the National Federation of Municipal
Analysts, and the adoption of this Resolution is a condition to the award of such a Certificate, although
the Issuer also recognizes that a Certrficate of Recognition does not imply in any manner a positive
or negative judgment as to the accuracy or sufficiency of the disclosure documents of the Issuer and
that the Issuer is solely responsible for the accuracy and sufficiency of its disclosure documents;
NOW, THEREFORE, the Issuer hereby makes the following commitments to its investors:
1. The Issuer (or the Issuers agent) will provide annual audited financial statements and other
pertinent credit information relevant to the Issuers outstanding securlties (which may be contained
in oiTicial statements), including the Issuers Comprehensive Annual Financial Report, 'rf one is
prepared, upon request, and will provide copies to one or more major information providers in
the state and local government securities market.
Ii an issue is rated, appropriate periodic credft information necessary for maintaining the rating(s)
on the securities will be provided by the Issuer to the rating agency(ies) rating the securities.
3. A statement will be made by the Issuer in the Introduction to its official statements evidencing
the commitments made herein.
This Resolution shall take effect from and after its date of adoption.
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ADOPTED this %' ~ ,~?~" day of k(~ 1992 C~1 - COv1vv"
APR 21 }992
City Socie~osT of ~°
ran of Fori Worib. Z~~
CITY OF FORT WORTH