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RESOLUTION ADOPTING A DEBT MANAGEMENT POLICY, AND POST-ISSUANCE COMPLIANCE POLICY FOR TAX EXEMPT GOVERNMENTAL BONDS
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WHEREAS, the Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois, a home rule corporation, and
WHEREAS, it is in the best interest of the Village to adopt policies to guide and improve financial decisions; and
WHEREAS, it is critical to ensure that bond covenants and continuing disclosure requirements are conducted in a timely manner; and
WHEREAS, it is in the best interest of the Village to adopt a Debt Management Policy and a Post-Issuance Compliance Policy for Tax Exempt General Obligation Bonds.
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois, as follows:
SECTION 1
The Corporate Authorities hereby adopt the attached Debt Management Policy.
SECTION 2
The Corporate Authorities hereby adopt the attached Post-Issuance Compliance Policy for Tax Exempt Governmental Bonds.
SECTION 3
All resolutions or policies in conflict are hereby repealed.
SECTION 4
This Resolution shall be in full force and effect upon its adoption.