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<br />Item No: 8.C. <br />Meeting Date: February 27, 2017 <br />Type of Business: Council Consent <br />Administrator Review: _____ <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 8717 Adopting a Post-Issuance Debt <br />Compliance Policy <br /> <br /> <br /> <br />Attached is Resolution 8717 adopting a Post-Issuance Debt Compliance policy. The <br />Finance Department informally adopted the attached policy in 2010 when we issued <br />conduit debt to assist Apple Tree Dental acquire and build out their Mounds View <br />location. With the possible issuance of Capital Improvement bonds to finance the <br />construction of a new public works facility, our Financial Advisor (Ehlers) has <br />recommended that the City Council formally adopt this policy. <br /> <br />By adopting the attached policy the City Council will demonstrate that the City has taken <br />steps to help insure that all tax-exempt debt obligations will be in compliance with all <br />applicable state and federal regulations regarding the obligations. This policy can be <br />amended at any time and may need to be amended if state or federal regulations change. <br />Staff recommends approval of the attached resolution. Staff has also attached the <br />current compliance procedures list for your review. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />________________________ <br />Mark Beer, Finance Director <br />