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(e) Schedules of all bond -financed facilities, including whether such facilities <br />are land, buildings, or equipment, economic life calculations, and <br />information regarding depreciation; <br />(f) Records and agreements related to any trade or business activities by or <br />with non -governmental entities or persons with respect to any facilities <br />financed with the proceeds of governmental bonds, including, but not <br />limited to, management agreements and leases; and <br />(g) Documentations of all sources of payment or security for the issue. <br />The basic purpose of the foregoing record retention procedure for the City's <br />governmental bonds is to enable the City to readily demonstrate to the IRS upon a questionnaire <br />or an audit of any bond issue that the City has fully complied with all federal tax requirements <br />that must be satisfied after the issue date of the bonds. <br />4. Reissuance. <br />The following policies relate to compliance with rules and regulations regarding the <br />reissuance of bonds for federal law purposes. <br />The Finance Director will: <br />(a) Identify and consult with Bond Counsel regarding any post -issuance <br />change to any terms of an issue of bonds which could potentially be <br />treated as a reissuance for federal tax purposes; and <br />(b) Confirm with Bond Counsel whether any "remedial action" in connection <br />with a "change in use" (as such terms are defined in the Code and <br />6 <br />4553512v1 <br />