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80 Attachment B s, CITY OF ROSEVILLE, MINNESOTA 82 83 sa GOVERNMENTAL BONDS 85 POST - ISSUANCE COMPLIANCE as POLICIES AND PROCEDURES ss ss The following policies and procedures were adopted by the City Council of the City of Roseville, so Minnesota (the "City ") as of the date indicated below with respect to the governmental bonds of the 91 City, to require, and further ensure, the ongoing compliance of governmental bonds issued by the City 92 with the Internal Revenue Code of 1986, as amended (the "Code "), and the Treasury Regulations 93 promulgated thereunder (the "Regulations "), including the record retention requirements of Code 94 Section 6001 and Section 1.6001(a) of the Treasury Regulations. Such policy and procedures were 95 adopted after consultation with Briggs and Morgan, P.A., the bond counsel ( "Bond Counsel "), and 96 Springsted Incorporated, the financial advisors, to the City and are internal operating procedures to be 97 used by the City's management in connection with the issuance and sale of all issues of governmental ss bonds. 99 The City Council of the City has the overall, final responsibility for monitoring whether the City is in 100 compliance with post- issuance federal tax requirements for the City's governmental bonds. However, 101 the City Council assigns to the Finance Director of the City the primary operating responsibility to 102 monitor the City's compliance with post- issuance federal tax requirements for the City's governmental 103 bonds. The Finance Director may further assign post- issuance compliance responsibilities to other staff 104 of the City, Bond Counsel, the paying agent for the bonds, and a rebate analyst. The Finance Director 105 shall provide training and educational resources to City staff that are responsible for ensuring 106 compliance with any portion of these policies and procedures. 107 Page 4 of 12