Rancho Palos Verdes

City Council

5. Consider amending City Council Debt Management Policy No. 52 (Debt Management Policy) (Moya) (30 mins) Recommendation: Approve amendments to City Council Policy No. 52, Debt Management Policy, to clarify the purposes and uses of debt; refine the General Fund debt limit; establish procedures for selecting financial institutions; and add new provisions for governing loans, installment obligations, and emergency borrowing, as reviewed and approved by the Finance Advisory Committee (FAC). Agenda Report