LEGISLATIVE HISTORY
RESOLUTION NO. RS2016-101
Resolution authorizing the execution, terms, issuance, sale and payment of general obligation refunding bonds in one or more series in an aggregate principal amount of not to exceed $425,000,000.
Sponsored by: Bill Pridemore
AMENDMENT NO. 1
TO
RESOLUTION NO. RS2016-101
Mr. President:
I move to amend Resolution No. RS2016-101 by amending Article IX, Section 9.8, regarding Debt Management Policy, by adding the following additional sentence at the end thereof:
“However, in the event it is determined that net present value savings of less than 3.5% of Refunded Bond principal will be realized, notification must be provided to the chair of the Metropolitan Council Budget and Finance Committee, and to all current members thereof, for final approval in a timely manner of the declared present value savings.”
Sponsored by: Steve Glover
| LEGISLATIVE HISTORY |
|
|---|---|
| Referred to: | Budget and Finance Committee |
| Introduced: | February 2, 2016 |
| Amended: | February 2, 2016 |
| Adopted: | February 2, 2016 |
| Approved: | February 5, 2016 |
| By: | |
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