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OCII updates debt and investment policies and formalizes MOU with Comptroller for debt assistance
Summary
OCII amended its debt and investment policies to reflect post-dissolution legal requirements and authorized an MOU with the City Comptroller's Office to assist with debt issuance and administration; all measures passed unanimously.
The Commission on Community Investment and Infrastructure approved several fiscal housekeeping items Aug. 19, adopting an amended debt policy, updating the investment policy to recognize use of the City Treasurer’s investment pool, and authorizing a memorandum of understanding with the City Comptroller’s Office for assistance with debt issuance and administration.
John Daigle, OCII senior financial analyst, summarized the debt policy amendments, which add compliance with redevelopment dissolution laws,…
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