Legal Documents of Baneberry

Code of Baneberry

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 5 Debt Management Policy » § 5-509 Costs of debt.
Print This Page
PDF
Go to
5
Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Baneberry
Title 5 : Municipal Finance and Taxation
Chapter 5 : Debt Management Policy

5-509 : Costs of debt.

  1. All costs associated with the initial issuance or incurrence of debt, management and repayment of debt (including interest, principal, and fees or charges) shall be disclosed prior to action by the city council in accordance with the notice requirements stated above.
  2. In cases of variable interest or non-specified costs, detailed explanation of the assumptions shall be provided along with the complete estimate of total costs anticipated to be incurred as part of the debt issue.
  3. Costs related to the repayment of debt, including liabilities for future years, shall be provided in context of the annual budgets from which such payments will be funded (i.e., general obligations bonds in context of the general fund, revenue bonds in context of the dedicated revenue stream and related expenditures, loans and notes). (Ord. #211-6, Dec. 2011)
Date Last Updated: 06/20/2022
Codification Date: 06/20/2022

Officials at Date of Last Codification:

Mayor - Donna Hernandez

Vice Mayor - Tom Carter

City Commissioner - Gary Zander

City Manager - Thomas Nuzzi

City Attorney - Doug Drinnon

Date Last Updated: 06/20/2022
Codification Date: 06/20/2022

Officials at Date of Last Codification:

Mayor - Donna Hernandez

Vice Mayor - Tom Carter

City Commissioner - Gary Zander

City Manager - Thomas Nuzzi

City Attorney - Doug Drinnon