55D - RESO DEBT MGMT POLICY - Laserfiche WebLink

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Debt Management Policy Page 6 c) implementing internal control procedures to ensure the use of bond proceeds will be directed to the intended use; I d) monitoring use of facilities financed with the issued debt; e) continuing disclosure requirements; f) monitoring arbitrage compliance; and g) ongoing interactions with credit rating agencies i Continuing Disclosure I As a critical component to the debt management aspect, on June 21, 2016, the City Council adopted the "Municipal Securities Disclosure Policy & Procedures", which governs and outlines the initial and annual continuing disclosure process & requirements. i Records Retention The Finance Department and other applicable departments, as may be necessary, will be responsible for maintaining the following documents for the term of debt issuance (including debt issued to refinance existing debt, if any): a) a copy of the closing transcript (s) and other relevant documentation delivered to the City at or in connection with closing of the Issuance; b) a copy of all material documents relating to capital expenditures financed or refinanced by debt proceeds, including but not limited to: draw down requests and evidence as to the amount and date for each draw down, trustee requisitions, payment records, as well as documents relating to costs paid or reimbursed with the said proceeds I c) a copy of all contracts involving the use of debt-financed or refinanced assets 1, dj_a copy of all records of investments, investment agreements, arbitrage reports, and underlying documents, including trustee statements and copies of all bidding documents, if any. Formatted: List Paagmph, left, No bullets or numbering, Tab Stops: Nag 1.29' ger EMT Comments: ' Formatted: Highlight �dldioj the Houslmz Authority AganEy as an agency that can issue debt and as such is covered Formatted: Bulleted + Level: 1+Aligned at: 0.25'+Indent While the Housing Authority will abide by the basic Provisions within this Debt , Formatted: Fortmla: Acentl Management Policy, the Housing Authority is sublect to stricter guidelines that are Formatted: Bulleted + Leyel: 2+Aligned at: 0.]5'+Indent established by the federal government that are mores specific than what is re uired within this narticu Formatted: Font cola: Agent 1 lar Poli ar adding guidance on what can be offered as collateral during a private placemeni Formatted: Font cobr:Aaentl tion Formatted: Hyhlight The determination of what can be offered as collateral will be made during a privat Formatted: Bulleted + Level: I+Aligned at: 0.25'+bdent at: 0.5" Placement transaction and will be reviewed on a case-by-case basis Assets that are iFormatted: Font cola:Aaentl deemed subject to collateralization will be offered, when applicable during a transaction Formatted: Bulletel+Level: 2+aigned at 0.75'+bdem at: 1" 55D-18