The City Debt Committee shall:
(A) Develop and maintain comprehensive debt management guidelines in accordance with the debt policy stated in § 4-6-3;
(B) Review and evaluate results of debt financing operations including, but not limited to:
(1) Issuance of long-term and short-term debt obligations;
(2) Selection of bond type, structure, methods of sale and marketing of bonds, and
(3) Investor and rating agency communications;
(C) Review expenditures of bond proceeds and the status of various projects being financed, including the Capital Improvement Program (CIP) for timeliness;
(D) Review services provided by Bond Counsel, Disclosure Counsel, Tax Counsel, Underwriters and other service providers for effectiveness and quality of service;
(E) Annually review and revise, with the approval of the CAO, the debt management guidelines based upon the debt committee’s review of operations;
(F) Prepare an annual report to Council on:
(1) Outcomes of previous year’s financings,
(2) Financings in progress or anticipated for the subsequent fiscal year, and
(3) Any changes to the debt management guidelines; and
(G) Develop and maintain the selection criteria for underwriters, act as the Ad-Hoc committee on all underwriting RFP’s and recommend to the Mayor the underwriting teams for all city financings, pursuant to the City Purchasing Ordinance.
(Ord. 20-2001)