Official Statement Airport Commission City and County of San ...
Official Statement Airport Commission City and County of San ...
Official Statement Airport Commission City and County of San ...
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the filing <strong>of</strong> the Annual Disclosure Report if they are not available by that date. If the <strong>Commission</strong>’s fiscal year<br />
changes, it shall give notice <strong>of</strong> such change in the same manner as for a Listed Event under the Disclosure<br />
Certificate.<br />
Not later than fifteen (15) Business Days prior to the date specified above for providing the Annual<br />
Disclosure Report to the Repository, the <strong>Commission</strong> shall provide the Annual Disclosure Report to the<br />
Dissemination Agent (if other than the <strong>Commission</strong>).<br />
If the <strong>Commission</strong> is unable to provide to the Repository an Annual Disclosure Report by the date required<br />
above, the <strong>Commission</strong> shall send a notice, in electronic format to the Repository, in substantially the form attached<br />
to the Disclosure Certificate.<br />
The Dissemination Agent shall file a report with the <strong>Commission</strong> (if the <strong>Commission</strong> is not the<br />
Dissemination Agent) certifying that the Annual Disclosure Report has been provided pursuant to the Disclosure<br />
Certificate <strong>and</strong> stating the date it was provided.<br />
Content <strong>of</strong> Annual Disclosure Reports<br />
The <strong>Commission</strong>’s Annual Disclosure Report shall contain or include by reference the following for the<br />
most recently ended fiscal year:<br />
1. Audited Financial <strong>Statement</strong>s <strong>of</strong> the <strong>Commission</strong>, presented in accordance with generally accepted<br />
accounting principles applicable to the <strong>Commission</strong> from time to time. If the <strong>Commission</strong>’s audited financial<br />
statements are not available by the time the Annual Disclosure Report is required to be filed as described above, the<br />
Annual Disclosure Report shall contain unaudited financial statements in a format similar to the financial statements<br />
contained in the <strong>Official</strong> <strong>Statement</strong>, <strong>and</strong> the audited financial statements shall be filed in the same manner as the<br />
Annual Disclosure Report when they become available.<br />
2. Air Traffic Data (number <strong>of</strong> scheduled aircraft arrivals <strong>and</strong> departures, domestic enplanements <strong>and</strong><br />
deplanements, international enplanements <strong>and</strong> deplanements, <strong>and</strong> total passengers at the <strong>Airport</strong>; number <strong>of</strong><br />
enplanements by carrier for top ten carriers).<br />
3. Cargo Traffic Data (weight <strong>of</strong> air cargo on <strong>and</strong> <strong>of</strong>f at the <strong>Airport</strong>).<br />
4. Total L<strong>and</strong>ed Weights (l<strong>and</strong>ed weight by carrier <strong>of</strong> the top ten carriers <strong>and</strong> total l<strong>and</strong>ed weight at<br />
the <strong>Airport</strong>).<br />
5. Airline Service (identity <strong>of</strong> all domestic <strong>and</strong> international carriers serving the <strong>Airport</strong> during such<br />
Fiscal Year).<br />
6. Five Highest Revenue Producing Concessionaires (name, lease expiration, minimum annual rent,<br />
if any, <strong>and</strong> concession revenues).<br />
7. Five Highest Revenue Producers (name <strong>and</strong> revenues produced).<br />
8. Total Outst<strong>and</strong>ing Long-Term Debt <strong>of</strong> the <strong>Commission</strong> (outst<strong>and</strong>ing principal amount <strong>and</strong> lien<br />
position).<br />
9. Historical L<strong>and</strong>ing Fees <strong>and</strong> Terminal Rentals.<br />
10. Calculation <strong>of</strong> Net Revenues <strong>and</strong> compliance with the Rate Covenant (each as defined in the<br />
Resolution).<br />
Any <strong>of</strong> all <strong>of</strong> the items listed above may be included by specific reference to other documents, including<br />
<strong>of</strong>ficial statements <strong>of</strong> debt issues <strong>of</strong> the <strong>Commission</strong> or related public entities, which have been filed with the<br />
Repository or the Securities <strong>and</strong> Exchange <strong>Commission</strong>. If the document included by reference is a final <strong>of</strong>ficial<br />
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