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