Adopt formal debt policy for city borrowing and bond issuance
Resolution 133-20
In Plain English
The city currently lacks written guidelines for when and how it can borrow money or issue bonds. This policy sets limits on debt levels and establishes criteria for future borrowing decisions. If approved, the city must follow these rules before taking on new debt for projects like infrastructure improvements.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
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