ANKENY CITY COUNCIL
Regular Agenda
July 17, 2017
5 : 30 PM
Gary Lorenz, Mayor
Mark Holm, Mayor Pro tem
Council Members: Bobbi Bentz, Jim McKenna, Wade Steenhoek, Kerry Walter-Ashby
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ORIGINATING DEPARTMENT:
COUNCIL GOAL:
City Manager
High Performing City Organization: Financially Sound, Providing Service Value
ACTION REQUESTED:
Resolution
LEGAL:
No Review Required
SUBJECT:
Consider motion to adopt RESOLUTION authorizing the execution of an agreement for filing assistance services between PFM Financial Advisors LLC and the City of Ankeny, Iowa.
EXECUTIVE SUMMARY:
The City has entered into continuing disclosure undertakings in connection with the issuance of bonds, in which the City covenanted to file annual reports (Annual Disclosure Reports) and to provide notice of material events if they should occur. The Annual Disclosure Report consists of the City's audited financial statements and other financial and operating data specified in the continuing disclosure agreement.
The agreement for filing assistance services documents the continuing disclosure responsibilities of PFM Financial Advisors LLC.
FISCAL IMPACT:
Yes
Annual Filing Assistance Fee: $2,000
CITY MANAGER'S RECOMMENDATIONS:
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
PUBLIC OUTREACH EFFORTS:
ACTION REQUESTED:
ADDITIONAL INFORMATION:
ATTACHMENTS:
Click to download
Resolution
Agreement for Filing Assistance Services
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