HomeMy WebLinkAboutTC Res 2018-06-06 (5) RESOLUTION NO. 22-2018
A RESOSLUTION OF THE TOWN COUNCIL OF THE TOWN
OF TIBURON ADOPTING REVISIONS AND ADDITIONS TO THE
TOWN'S DEBT MANAGEMENT POLICY
WHEREAS, California Senate Bill 1029 (SB 1029) was signed into law on September 12,
2016; and
WHEREAS, SB1029 amends Section 8855 of the Government Code, requiring state and
local agencies to adopt comprehensive debt management policies; and
WHEREAS, SB 1029 requires that a comprehensive debt management policy be adopted
at least 30 days prior to issuing any new debt on or after January 21, 2017; and
WHEREAS, the Town Council desires to comply with state law as it related to debt
issuance requirements established by SB 1029.
NOW, THEREFORE, BE IT RESOLVED that the Town Council of the Town of
Tiburon hereby adopts a Debt Management Policy, attached hereto as Exhibit A.
PASSED AND ADOPTED by the Town Council of the Town of Tiburon on this 6"' day
of June 2018, by the following vote:
AYES: COUNCILMEMBERS: Fraser, Fredericks, Kulik, Thier, Welner
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
JIM FR S° MAYOR
ATTEST: J
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LEA STEFANI, TOWN CLERK
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Town Council Resolution No. 22-2018 June 6, 2018