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THE CITY OF <br /> _ a 1, I.-- <br /> �i.�, <br /> �� =anti 'OBI e ig®gtd �8® HO <br /> PLEASANTON© ADOPTED BY CITY COUNCIL <br /> Debt Policy <br /> Subject <br /> Policy to provide clear and comprehensive guidelines for the issuance and management of <br /> debt issued by the City of Pleasanton <br /> Purpose <br /> The purpose of this Debt Policy is to establish prudent debt issuance guidelines to ensure that <br /> the City meets the following objectives <br /> a To provide financial support for the City's strategic and capital plan <br /> objectives through the most safe and cost effective means of debt issuance <br /> b To ensure that the term of the debt shall not exceed the expected useful <br /> life of the capital improvement <br /> c To ensure that any debt instrument utilized be fully understood by Staff <br /> d To ensure that all debt obligations will be met in a timely& efficient <br /> manner <br /> e To mandate that the City comply with all debt covenants <br /> f To ensure that all required disclosure reports are filed on a timely basis <br /> g To maintain good communications with bond rating agencies & <br /> investors <br /> h To preserve financial flexibility <br /> Policy <br /> It is the policy of the City of Pleasanton is financially self-sustaining and fiscally strong <br /> Scope <br /> This policy applies to all debt that the City of Pleasanton issues. <br /> Procedures <br /> City staff and City Council are to adhere to the Debt Policy when issuing City of Pleasanton <br /> debt <br /> Distribution approved <br /> Nelson Fialho, City Manager <br />