20-935RESOLUTION NO. 20-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA
ADOPTING A DEBT ISSUANCE AND MANAGEMENT POLICY
WHEREAS, California Senate Bill 1029 (2016) (“SB 1029”) was signed into law on
September 12, 2016; and
WHEREAS, SB 1029 amends Section 8855 of the Government Code, requiring state and
local agencies to adopt comprehensive debt management policies; and,
WHEREAS, SB 1029 requires that a comprehensive debt management policy be adopted
at least 30 days prior to issuing any new debt on or after January 21, 2017; and,
WHEREAS, the City Council of the City of Menifee desires to comply with state law as it
relates to debt issuance requirements established by SB 1029.
NOW, THEREFORE, be it resolved that the City Council of the City of Menifee hereby
adopts the Debt Issuance and Management Policy
PASSED, APPROVED AND ADOPTED this 15th day of July 2020.
____________________________
Bill Zimmerman, Mayor
Attest:
_______________________________
Sarah A. Manwaring, City Clerk
Approved as to form:
_______________________________
Jeffrey T. Melching, City Attorney
DocuSign Envelope ID: EEA5E08E-2D92-4819-BD8D-E4DA9151DAC9
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF MENIFEE )
I, Sarah A. Manwaring, City Clerk of the City of Menifee, do hereby certify that the foregoing
Resolution No. 20- was duly adopted by the City Council of the City of Menifee at a
meeting thereof held on the 15th day of July 2020 by the following vote:
Ayes:
Noes:
Absent:
Abstain:
_______________________________
Sarah A. Manwaring, City Clerk
DocuSign Envelope ID: EEA5E08E-2D92-4819-BD8D-E4DA9151DAC9
August, Deines, Sobek, Liesemeyer, Zimmerman
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