HomeMy WebLinkAbout2009-04-21; City Council; Resolution 2009-076EXHIBIT 1
RESOLUTION NO. 2009-076
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RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF CARLSBAD, CALIFORNIA,
APPROVING THE CITY'S INVESTMENT POLICY DATED APRIL 21, 2009
WHEREAS, the City adopted an investment policy on January 2, 1985 as
required by Section 53646 of the California Government Code; and
WHEREAS, Section 53646(a) of the California Government Code
suggests that the City Treasurer to render annually to the City Council a statement of
investment policy; and
WHEREAS, the City Council may from time to time revise this policy as
may be necessary to provide proper guidance to City staff and the City Treasurer; and
WHEREAS, The City Treasurer has reviewed the existing investment
policy and has recommended modifications this year; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Carlsbad, California, as follows:
1. The attached investment policy, dated April 21, 2009, (Exhibit 2) is hereby adopted
and supersedes the policy dated February 13, 2007.
2. That the Council finds that the investment policy dated April 21, 2009, (Exhibit 2)
continues to be in conformance with Sections 53601 and 53635 of the California
Government Code.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council
of the City of Carlsbad on the 21?t day of APr11 ,
2009, by the following vote to wit:
AYES: Council Member? Lewis, Kulcbin,
NOES: None.
ABSENT: None.
ATTEST:
LORRAINE M. V^OOD, City Clerk>~
(SEAL)
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