HomeMy WebLinkAbout2019-061 CCRMember Ryan introduced the following resolution and moved its adoption:
RESOLUTION NO. 2019-061
RESOLUTION ADOPTING POST ISSUANCE COMPLIANCE POLICY FOR TAX
EXEMPT GOVERNMENTAL BONDS
WHEREAS, the City Council of the City of Brooklyn Center adopted a City
Council Code of Policies on April 10, 2006; and
WHEREAS, the City staff, in consultation' with Springsted Inc. the City's
Financial Advisor, recommends the addition of Section 2.24 Post Issuance Compliance Policy
for Tax Exempt Governmental Bonds to the City Council Code of Policies; and
WHEREAS, the Post Issuance Compliance Policy for Tax Exempt Governmental
Bonds has been reviewed and recommended by Financial Commission.
WHEREAS, the Post Issuance Compliance Policy for Tax Exempt Governmental
Bonds has been reviewed by the City Council.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota that Section 2.24 Post Issuance Compliance Policy for Tax Exempt
Governmental Bonds attached hereto as Exhibit 1 be incorporated. into the Code of Policies and
hereby adopted.
April 8, 2019
Date Mayor
ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member Butler
and upon vote being taken thereon, the following voted in favor thereof:
Butler, Elliott, Graves, Ryan
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.