Sarasota County Debt Management Policy - Resolution 2021-184

Sarasota County Debt Management Policy 7. Other Records In addition to the records described above, the County will maintain the following records, to the extent applicable to a particular debt offering, until the date three years after the last outstanding obligation of the issue to which such relates has been retired: a. Minutes and resolutions authorizing the issuance of, or the reimbursement of expenditures using proceeds of, the financing, b. Appraisals, demand surveys and feasibility studies related to debt financed or refinanced property, c. Documentation relating to any third-party funding for a project to which debt proceeds will be applied (including government grants), d. Records of any IRS audit or compliance checks, or any other IRS inquiry related to debt. 8. Applicability of Recordkeeping Requirement in the Event of a Refunding In the event the County issues debt to retire County debt, the County shall maintain all of the records described in this section with respect to the refunded debt until the date that is three years after the last outstanding obligation of the issue the proceeds of which were used to retire the refunded debt has been retired. VIII.CONTINUING DISCLOSURE OBLIGATIONS GUIDELINES The County will provide continuing disclosure, such as annual financial information and material event notices, pursuant to a continuing disclosure agreement or similar document (the Continuing Disclosure Document) prepared by Disclosure Counsel and made a part of the transcript with respect to each issue of bonds of the County that is subject to such continuing disclosure requirements. The continuing disclosure obligations of the County are governed by the Continuing Disclosure Agreements (CDAs). The Finance Department is primarily responsible for undertaking such continuing disclosure obligations and to monitor compliance with such obligations. All continuing disclosure obligations are filed by the Finance Department through its dissemination agent. A. PURPOSE To assist underwriters in complying with the post-issuance debt disclosure requirements of The Rule. 26