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ATTACHMENT 2 <br /> CITY OF PLEASANTON DEBT MANAGEMENT POLICY <br /> 1. INTRODUCTION <br /> The City of Pleasanton has established this Debt Management Policy ("Policy") to <br /> provide clear and comprehensive guidelines for the issuance and financial management <br /> of debt issued by the City of Pleasanton. This Policy supports the City of Pleasanton's <br /> mission of providing responsive and high-quality public services for its citizens and <br /> ensures that the City of Pleasanton is financially self-sustaining and fiscally strong. <br /> Finally, this Policy requires that the City Council specifically authorize each debt <br /> financing by resolution. <br /> 2. PURPOSE <br /> This Policy has been developed in accordance with practices recommended by the <br /> Government Finance Officers Association for the purpose of providing a framework for <br /> debt management and capital planning by the City. The guidelines established by this <br /> policy will govern the issuance and management of all debt funded for long term capital <br /> financing needs and short-term cash-flow needs. Changes in the capital markets and <br /> other unforeseen circumstances may require action which may deviate from this Policy. <br /> In cases which require exceptions to this Policy, the City Council approval will be <br /> necessary for implementation. <br /> 3. GOALS <br /> The purpose of this Debt Policy is to establish prudent debt issuance guidelines to <br /> ensure that the City meets the following goals: <br /> (1) Identifying the purposes for which the debt proceeds may be used or are <br /> prohibited. <br /> (2) Identifying the types of debt that may be issued or prohibited. <br /> (3) Describing the relationship of the debt to, and integration with, the City's capital <br /> plan objectives or budget. <br /> (4) Establishing policy goals related to the City's planning goals and objectives. <br /> (5) Mandating that the City comply with all debt covenants. <br /> (6) Establishing to voters, taxpayers, and community that the City has plans and <br /> procedures to implement is financing programs prudently and transparently. <br /> (7) Demonstrating to rating agencies and investors that the City is well managed. <br /> Meeting the ongoing obligations associated with the issuance of bonds under <br /> State, tax and securities laws. <br /> City of Pleasanton Debt Management Policy (February 2022) Page 1 <br />