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City of San Leandro <br />Meeting Date: April 2, 2018 <br />Resolution - Council <br />Agenda Section:File Number:18-140 ACTION ITEMS <br />Agenda Number: <br />TO:City Council <br />FROM:Jeff Kay <br />Interim City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:A Joint RESOLUTION of the City Council of the City of San Leandro, the City <br />Council Acting as the Board of Directors of the San Leandro Public Financing <br />Authority, the City Council Acting as the Board Of Directors of the Successor <br />Agency to the Redevelopment Agency of the City of San Leandro, and the City <br />Council Acting as the Board Of Directors of the City of San Leandro Parking <br />Authority, Approving the Adoption of a Debt Management Policy <br />WHEREAS, pursuant to Senate Bill 1029 (“SB 1029”), which was signed by the California <br />Governor on September 12, 2016, California public agencies that issue debt must adopt debt <br />management policies that meet certain criteria; and <br />WHEREAS, in response to SB 1029 and in order to adhere to sound financial management <br />practices, the City of San Leandro (the “City”), the San Leandro Public Financing Authority (the <br />“Financing Authority”), the Successor Agency to the Redevelopment Agency of the City of San <br />Leandro (the “Successor Agency”), and the City of San Leandro Parking Authority (the “Parking <br />Authority”) each wish to adopt and maintain a debt management policy; and <br />WHEREAS, there has been presented to this meeting a proposed form of debt management <br />policy (the “Debt Policy”); <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City, the Board of Directors <br />of the Financing Authority, the Board of Directors of the Successor Agency, and the Board of <br />Directors of the Parking Authority as follows: <br />Section 1. Approval of Debt Policy. The City Council of the City, and the Board of Directors of <br />each of the Financing Authority, the Successor Agency, and the Parking Authority, hereby jointly <br />approve and adopt the Debt Policy presented to the meeting at which this resolution is adopted. <br />Section 2. Authorization of Officers. The Board of Directors of each of the Financing <br />Page 1 City of San Leandro Printed on 3/27/2018 <br />93