Number
250884
Version
Original
Sponsor
THE CHAIR
Title
Adoption of Revised Debt Policies
Analysis
Resolution adopts revised debt policies for the City.
Body
Whereas, the Commissioners of the Public Debt desire to modernize and streamline the debt policies of the City; and
Whereas, the Commissioners of the Public Debt have reviewed revised policies for City debt, specifically the Debt Management Policy, Obligation Compliance Policy, and Interest Rate Swap Policy, each as attached as Exhibits hereto;
Now, therefore, be it resolved that the attached debt policies are adopted and supersede any previously adopted debt policies or practices; and
Be it further resolved, that the Comptroller and staff will review these policies and report on them following the guidelines set forth in each specific policy.
Drafter
Comptroller
Joshua Benson