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6. Deadlines. The Council conducts all tax exempt financing matters at regularly scheduled <br />Council meetings held on the second and last Monday of each month. Documents for <br />Council consideration must be at the City office on the Monday preceding the Council <br />meeting at which the matter is to be considered. In the case of a publicly offered bond, issue <br />the documents, when submitted, may specify a maximum price and maximum effective <br />interest rate if prices and rates have not yet been established. <br />TE ost-Issuance Compliance. The City will require that each borrower demonstrate to the City <br />that the borrower will comply with substantially the same procedures for post -issuance <br />compliance that apply to City governmental bonds under the City's Post Issuance Debt <br />Compliance Policy, approved September 14, 2009, as amended from time to time. The City <br />may require that borrowers retain a trustee and/or an independent arbitrage consultant for <br />the term of the bonds. <br />6 <br />