Page 422 - Fort Worth City Budget 2019

Debt Policy

lease/purchase agreements and certificates of participation in the
acquisition of vehicles, equipment, and other capital assets shall
generally be avoided, particularly if smaller quantities of the capital
asset(s) can be purchased on a "pay-as-you-go" basis.

M. Proposals from Investment Bankers

The City welcomes ideas and suggestions from investment bankers and
will seek to gain information and knowledge from those firms which
submit unique and innovative ideas.

N. Underwriting Syndicates

When a negotiated sale is deemed in the best interest of the City,
underwriters shall be selected from a procurement process designed to
yield the most qualified and experienced firms for the transaction. City
staff will recommend the structure of underwriting syndicates, which will
be effective for the type and amount of debt being issued. The City will
consider its M/WBE goals in structuring syndicates.

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