Agenda Text
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City Treasurer responding to #203230 re: whether the city can restrict financial institutions from participating in city borrowing.
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Official Text
To the Honorable Board:
In response to Agenda Item 203230:
That the City Solicitor advise this Board whether the city may restrict financial institutions from participating in city borrowing based on their business activities, and whether the city may engage in a negotiated underwriting process with a preselected lending institution under certain circumstances.
Please see attached letter from FirstSouthWest in reference to this request.
Please contact me if I can be of further assistance.
Michael Bertino
Treasurer