Adopt annual policy governing interest rate swap agreements
In Plain English
The city uses financial instruments called interest rate swaps to manage borrowing costs on bonds and loans. Federal law requires the city to review and formally approve its swap policy each year. The policy sets rules for when and how the city can enter these agreements to protect against interest rate changes.
Auto-generated summary. Source: official agenda documents.
Community Discussion
This discussion was submitted to the City Clerk as part of the public record.
Comments are submitted to the Richmond City Clerk before the meeting. By commenting, you agree to have your name and comment included in the public record.
Similar Discussions
5 related items found by meaning
Adopt annual policy governing interest rate swap agreements
Adopt swap policy for fiscal year 2020-21
Approve debt and financial swap policies for fiscal year 2018-19
Authorize preparations for financial agreement to manage future borrowing costs
Adopt financial policies governing city debt, investments, and cash reserves
The Story So Far
Related items from other meetings
Approve $7.2 million contract with county for animal control services through 2030
Extend electric bikeshare contract through June 2027 for $390,000
Approve $29,690 contract for Ferry Point Pump Station engineering services
Review draft 2026-27 city budget and 5-year capital improvement plan
Receive presentation from BART Director on service improvements and budget crisis
Hire Dalberg Advisors to help with limited-term revenue community engagement
Extend electric bike share contract through June 2025 for $390,000
Accept $9,000 state grant for summer library lunch program
Receive 4 February financial reports on investments, overtime costs, property taxes, and retirement benefits
Accept $10,000 Carnegie Corporation gift for library history room and museum