21 ATTACHMENT 3 - Laserfiche WebLink

86 LAVWMA. [TO BE UDPATED PRIOR TO POSTING] LAVWMA has not failed to comply in all material respects with an undertaking under the Rule in the previous five years. DSRSD. [TO BE UDPATED PRIOR TO POSTING] Within the last five years, DSRSD failed to comply with certain continuing disclosure undertakings relating to its 2011 Water Revenue Refunding Bonds (“2011 DSRSD Bonds”) and the 2011 Bonds. The failures to comply consisted of the following: (i) For the 2011 DSRSD Bonds, (1) the District filed portions of its annual reports up to nearly two years late for fiscal year 2016; and (2) a listed event notice was filed late for a rating change following an upgrade in the District’s rating. (ii) For the 2011 Bonds, a listed event notice was filed late for a rating change following an upgrade in the LAVWMA’s rating. The District adopted a Debt Disclosure Policy (the “Debt Disclosure Policy”) on July 18, 2017, which designates the Treasurer of the District as the District’s disclosure coordinator (the “Disclosure Coordinator”). Under the Debt Disclosure Policy, the Disclosure Coordinator is responsible for establishing a system (which may involve the retention or one or more consultants) by which the District will (i) make the annual filings required by its continuing disclosure undertakings on a complete and timely basis and (ii) file notices of enumerated events on a timely basis. The Debt Disclosure Policy also requires that the Disclosure Coordinator ensure that the members of the District’s staff involved in the continuing disclosure process are properly trained to understand and perform their responsibilities. Livermore. [TO BE UDPATED PRIOR TO POSTING] Livermore and its related entities, most notably the Successor Agency to the Livermore Redevelopment Agency (“Livermore Successor Agency”), have not complied in the past five years with all of their obligations established by previous continuing disclosure undertakings. Specifically, (i) the Livermore Successor Agency’s audit and operating data were not timely filed for fiscal year 2015-16 and (ii) certain of Livermore’s operating data was not timely filed for fiscal 2016-17, as required by certain undertakings. Pleasanton. [TO BE UDPATED PRIOR TO POSTING] Pleasanton has not failed to comply in all material respects with an undertaking under the Rule in the previous five years. NO LITIGATION There is no action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, governmental agency, public board or body, pending or, to the best knowledge of LAVWMA after reasonable investigation, threatened against LAVWMA (i) affecting the existence of LAVWMA or the titles of its officers to their respective offices or (ii) affecting or seeking to prohibit, restrain or enjoin the issuance, sale or delivery of the 2021 Bonds or (iii) contesting or affecting, as to LAVWMA, the validity or enforceability of the 2021 Bonds, the Sewer Service Contract or the Indenture (iv) contesting the powers of LAVWMA or its authority to enter into,