Financial Transparency

Important Disclaimer – Please Read

Before entering this page, you will need to agree to the following terms.

By clicking on the links below to various financial and budget documents for Brooks Development Authority (“Brooks”), you are acknowledging the following disclaimer. The information contained in each document is current only as of its date, and Brooks is under no obligation to update or supplement any such documents to reflect changes in fact or circumstances that may subsequently come to Brooks’ attention. Under no circumstances shall the information on this website constitute an offer to sell or the solicitation of an offer to buy any securities of Brooks in any jurisdiction. Offers to purchase securities may be made only by an official statement or other offering document. Please scroll down to read the entire disclaimer.

You are entering the Financial Transparency section of the Brooks Development Authority’s (“Brooks’”) website. Please read the following statement carefully and in its entirety, as it contains important disclaimers and acknowledgements. 

Information Dated. Documents posted from time to time in the Financial Transparency section set forth certain financial and other information regarding Brooks, including but not limited to, information provided to satisfy Brooks’ undertakings under continuing disclosure agreements with holders of Brooks’ debt obligations. The information contained in each document within this Financial Transparency section is current as of the date of the document and may not be applicable thereafter. Past results do not necessarily forecast future results.

Some of the information contained in the Financial Transparency section may include projections or other forward-looking statements based on current expectations and projections about future events or the future financial performance of Brooks. The Financial Transparency section may contain certain forward-looking statements that are subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ from the projected results, including without limitation, general economic and business conditions, conditions in the financial markets, the financial condition of Brooks, the City of San Antonio, Texas, Bexar County, and the State of Texas, litigation, and various other factors that are beyond the control of Brooks. Because of the inability to predict all factors that may affect future decisions, actions, events, or financial circumstances, including, in particular, current adverse global financial market and economic conditions, actual results may differ materially from those contained in any such projections or such forward-looking statements. Forward-looking statements are indicated by the use of such words or phrases as “may,” “will,” “intends,” “expects,” “believes,” “anticipates,” “contemplates,” “continue,” “estimates,” “objective,” “plan,” “predicts,”, “potential,” “projects,” “should,” and similar words and phrases, or the negative of those words or phrases.

Please note that some of the data or information contained on the Financial Transparency section of this website is raw, unaudited and unconsolidated. The data or information does not link to any audited financial statement. Because no comprehensive review for accuracy has occurred, the data or information may contain errors, omissions or misstatements. Users should not rely on the accuracy or completeness of this data or information for any purpose other than personal knowledge.

Continuing Disclosure. Brooks has prepared certain of the documents posted in the Financial Transparency Section to comply with the continuing disclosure requirements of Rule 15c2-12, as amended (the “Rule”), promulgated by the United States Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended. Each document filed by Brooks in compliance with its respective continuing disclosure agreements entered into in compliance with the Rule is available to the general public, without charge, from the Municipal Securities Rulemaking Board through its Electronic Municipal Market Access (“EMMA”) system (accessible via the internet at www.emma.msrb.org), which, as of July 1, 2009 (“EMMA Effective Date”), serves as the sole successor to the national municipal securities information repositories with respect to filings made in connection with continuing disclosure undertakings made under the Rule after the EMMA Effective Date. Because of limitations inherent in the electronic transmission of documents, the appearance (but not the content) of such continuing disclosure documents on this website may differ from the version thereof accessible through EMMA.

Disclaimer. The documents in the Financial Transparency section of this website are provided for informational purposes only and under no circumstances shall the information on this website constitute an offer to sell or the solicitation of an offer to buy any securities of Brooks in any jurisdiction. Such an offer or solicitation may be made only by an official statement or other offering document.

Acknowledgement. By entering the Financial Transparency section, each viewer acknowledges that

a) Brooks is not, by providing the documents in the Financial Transparency section, offering to sell any securities, nor soliciting an offer to buy any securities;

b) the information in the documents in the Financial Transparency section is not intended as, and will not be construed by the viewer as, a description of Brooks or its affairs applicable to any time subsequent to the respective date of the document; nor will the viewer assume from the availability of such documents on this website that the affairs of Brooks have not changed since the date of such documents;

c) because some of the data or information contained on the Financial Transparency section is unaudited and may contain errors, omissions or misstatements, viewers shall not rely on the accuracy or completeness of this data or information for any purpose other than personal knowledge;

d) some of the information contained in the Financial Transparency section may include projections or other forward-looking statements about Brooks and its future financial performance, and actual results may differ materially from those contained in any such projections or such forward-looking statements;

e) because the information contained in any document posted in the Financial Transparency section may be out of date or incomplete, the information must not be relied upon in connection with any decision to purchase or sell any securities of Brooks; and

f) by choosing to continue and view the information on this website, you are acknowledging that you have read and understood and accept the terms of the Disclaimer.