pages: SpecialFinanceAndManagementCommittee/2012-07-10.pdf, 3
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SpecialFinanceAndManagementCommittee | 2012-07-10 | *Special Finance & Management Meeting Minutes July 10, 2012 Committee 5 Subject: Debt Management Policy From: Office Of The City Administrator Recommendation: Adopt A Resolution Adopting The City Of Oakland's Debt Management Policy And Swap Policy For Fiscal Year 2012-2013 11-0583 A motion was made by Chair De La Fuente, seconded by Member Brooks, that this matter be Continued to the *Finance & Management Committee, due back on September 11, 2012 The committee bifurcated this item and extended the existing Debt Management Policy until the September 11, 2012 Finance and Management Committee providing the City Administrator's office time to research and provide additional options to the committee. The committee further directed that the Swap Policy return to the September 11, 2012 Finance and Management committee and include the following information: 1. 1997 Report previously submitted to Council and any subsequent amendments to Goldman Sachs. 2. Information regarding the Social Responsibility Component used around the country associated with Debt Management and Swap Policy. 3. Whether the new proposed policy takes into consideration what was approved at the July 3, 2012 City Council meeting related to Goldman Sachs. 4. Specific criteria for entering into a swap policy in the future. The red-lined version of the proposed policies. The motion carried by the following vote: Votes: Councilmember Aye: Member Brooks, Member Kernighan, Member Brunner and Chair De La Fuente There were 4 speakers on this item. View Report.pdf View Supplemental Report.pdf 83979 CMS.pdf City of Oakland Page 3 Printed on 8/15/14 | 3 | SpecialFinanceAndManagementCommittee/2012-07-10.pdf |