§ 4.54.90. Bonds and investments.  


Latest version.
  • In connection with, or incidental to, the issuance or carrying of the bonds, the City may enter into investment agreements, forward purchase agreements and other investments relating to the investment of amounts held pursuant to an issuing instrument. These agreements and investments shall be entered into with the parties, selected by the means, and contain the payment, security, default, remedy, and other terms and conditions, determined by the City, after giving due consideration for the creditworthiness of the counter parties, where applicable, including any rating by a nationally recognized rating agency or any other criteria as may be appropriate.

(Ord. No. 13403, § 2, 11-29-2016)