Page 119 - CityofBurlesonFY26Budget

RATINGS

Adherence to a debt management policy helps ensure that the City maintains the
current or an improved bond rating in order to minimize borrowing costs and
preserve access to credit. Toward that end, the City will take the following steps.

1. Strive to maintain good relationships with bond rating agencies as well as
disclose financial reports and information to these agencies and to the
public.

2. Obtain a rating from at least one nationally recognized bond-rating agency
on all issues being sold in the public market.
3. Make timely disclosure of annual financial information or other requested
information to the rating agencies.

CONTINUING DISCLOSURE

The City will take all appropriate steps to comply with federal securities laws,
including, but not limited to, Securities and Exchange Commission ("SEC") Rule
15c2 -12 the ("Rule"). The City will make annual and event disclosure filings to the

MSRB via EMMA as required by the Rule and its continuing disclosure
undertakings.

SELECTION OF FINANCIAL ADVISOR

The City shall retain an independent financial advisor for advice on the structuring
of new debt, financial analysis of various options, including refunding

opportunities, the rating review process, the marketing and marketability of City
debt obligations, issuance and post- issuance services, the preparation of offering
documents (each, an "Official Statement") and other services, as necessary. The

City will seek the advice of the financial advisor on an ongoing basis. The financial
advisor will perform other services as defined by the agreement approved by the
City Council. The financial advisor will not bid on nor underwrite any City debt

issues in accordance with MSRB rules.

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