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11. All collateral taken on repurchase agreements is <br />to be priced at its current market value or <br />better. <br />12. Investment confirmation and collateral <br />safekeeping receipts shall be reviewed promptly <br />following their receipt in order to verify <br />conformity with the Treasurer's investment <br />transaction documentation. <br />VI. Special Debt Financing <br />From time to time, the City Council may authorize the <br />issuance of debt in accordance with State and Federal laws. <br />Given the special requirements of such debt- repayment <br />schedules, arbitrage/rebate requirements - the council may <br />choose to place the investment of these funds with the City's <br />fiscal agent. In such instances, the policy, objectives and <br />investment restrictions shall be established by the Council <br />by separate action and monies shall not be included in the <br />portfolio managed by the Treasurer. <br />4 <br />