2016-062 - Adopt Long Term Debt Policy 4-01RESOLUTION 2016 -062
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ADOPTING THE TOWN OF LOS GATOS LONG TERM DEBT POLICY
WHEREAS, The Town of Los Gatos Long Term Debt policy is required to be
rendered to and then considered by the legislative body of the local government in a public
meeting; and
WHEREAS, the Town's existing Investment Policy was first incorporated in the FY
2004/05 Operating and Capital Budget document; and
WHEREAS, the Town's Investment Policy was incorporated and updated in the
annual operating and capital budget documents; and
WHEREAS, the new policy updates the existing policy to make it current with best
municipal long term debt management practices; and
NOW THEREFORE, BE IT RESOLVED, the Town Council of the Town of Los Gatos has
received and accepted the revised Long Term Debt Policy.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on the 1'` day of November, 2016, by the following vote:
COUNCIL MEMBERS:
AYES: Marcia Jensen, Steve Leonardis, Rob Rennie, Marico Sayoc, Mayor Barbara Spector
NAYS: None.
ABSENT: None.
ABSTAIN: None
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MAY 1�E TO GATOS
LOS GATOS. CALIFORNIA
DATE:
ATTEST: ' w
CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
DATE:
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Resolution 2016 -062 November 1, 2016