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25 <br />Attachment A <br />26 RESOLUTION NO. <br />27 <br />28 RESOLUTION ESTABLISHING PROCEDURES AND POLICIES <br />29 RELATING TO POST ISSUANCE COMPLIANCE <br />so UNDER THE INTERNAL REVENUE CODE UPON THE ISSUANCE OF <br />s, GOVERNMENTAL BONDS <br />32 <br />33 BE IT RESOLVED by the City Council (the "Council ") of the City of Roseville, Minnesota (the <br />34 "City"), as follows: <br />35 1. Recitals. <br />36 (a) In order to comply with the ongoing compliance of governmental bonds issued <br />37 by the City with the Internal Revenue Code of 1986, as amended (the "Code "), and the Treasury <br />38 Regulations promulgated thereunder (the "Regulations "), including the record retention <br />39 requirements of Code Section 6001 and Section 1.6001(a) of the Treasury Regulations, the City <br />40 Council has the overall, final responsibility for monitoring whether the City is in compliance <br />41 with post- issuance federal requirements for the City's governmental bonds. <br />42 (b) The City's bond counsel has prepared for use by the City a document entitled <br />43 "Governmental Bonds Post - Issuance Compliance Policies and Procedures" (the "Policies and <br />44 Procedures "). <br />45 (c) The Policies and Procedures are internal operating procedures to be used by the <br />46 City's management in connection with the issuance and sale of all issues of governmental bonds <br />47 and the City's bond counsel advises the City to approve the Policies and Procedures. <br />as 2. Approval of Policies and Procedures. The City hereby approves the Governmental <br />49 Bonds Post - Issuance Compliance Policies and Procedures in substantially the form presented to the <br />50 City Council. <br />51 Adopted on February 27, 2012, by the City Council of the City of Roseville, Minnesota. <br />52 <br />Page 2 of 12 <br />