HomeMy WebLinkAboutAgenda Report - September 7, 1995MEMORANDUM
DATE: September 7, 1995
TO: Dixon Flynn, City Manager
Councilmembers
FROM: Vicky McAthie, Acting Finance Director
SUBJECT: Response to Questions/Concerns of Sept 6 Council Meeting
I appreciate all the questions and/or concerns which were voiced regarding the
subjects I submitted at the Sept 6 Council meeting, and would like to respond to
them:
Investment Policy
Requests have been made of San Joaquin County and the State for
copies of their investment policies. I will notify the City Manager as soon as
these investment policies arrive at which time they will be available for your
review.
Legal Agreement for Certificate of Participation
There was a concern voiced about the value of mortgaging City Hall to
finance $15 million of capital improvements. I spoke to John Fitzgerald about
this aspect of the proposed financing plan. We are making sure that our
shirtsleeve presentation scheduled for Sept 19 addresses this concern, and
hopefully, we can set everyone's mind at ease and have everyone feeling more
comfortable with the financing.