HomeMy WebLinkAbout2010-03-23; City Council; Resolution 2010-048EXHIBIT 1
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RESOLUTION NO. 2010-048
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF CARLSBAD, CALIFORNIA,
APPROVING THE CITY'S INVESTMENT POLICY DATED MARCH 23, 2010
WHEREAS, the City adopted an investment policy on January 2, 1985 in
compliance with Section 53646 of the California Government Code; and
WHEREAS, Section 53646(a) of the California Government Code states
that the City Treasurer may annually render to the City Council a statement of
investment policy; and
WHEREAS, the City Council shall consider such investment policy at a
public meeting; and
WHEREAS, upon consideration the City Council may from time to time
revise this policy as deemed 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 March 23, 2010, (Exhibit 2) is hereby
adopted and supersedes the policy dated April 21, 2009.
2. That the Council finds that the investment policy dated March 23, 2010,
(Exhibit 2) conforms to Sections 53601 and 53635 of the California
Government Code.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council on
the 23rd day of March , 2010, by the following^vote, to wit:
AYES: Council Member <^]L^i ?, ^ulc^»in,yHay/, Packard, Blackburn.
NOES: None.
ABSENT: None.
^ LEWIS.Tvlayor
ATTEST:
(SEAL)
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