Create pool of underwriters for bond deals
Resolution 02-19
In Plain English
The city needs investment banks to help sell bonds when it borrows money for major projects like roads or buildings. This creates a pre-approved list of firms the city can hire quickly. If approved, the city avoids delays when it needs to borrow money for capital improvements.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
Similar Discussions
5 related items found by meaning
Appoint financial firms to help the city issue bonds
Hire financial advisors to refinance $130 million in city pension bonds
Contract with 2 firms to provide financial advisory services for $150,000 each
Authorize Finance Team to prepare bond restructuring proceedings
Authorize hiring municipal advisors for land-secured financing districts when needed
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