HomeMy WebLinkAbout2015-02-10; City Council; Resolution 2015-032EXHIBIT 1
1 RESOLUTION NO. 2015-032
2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CALRSBAD,
CALIFORNIA APPROVING THE CITY'S INVESTMENT POLICY DATED
3 FEBRUARY 10, 2015
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5 WHEREAS, the City adopted an investment policy on January 2,1985 as required by
6 Section 53646 of the California Government Code; and
WHEREAS, Section 53646(a) ofthe 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
12 WHEREAS, The City Treasurer has reviewed the existing investment policy and has no
13 recommended modifications this year; and
14 NOW, THEREFORE, BE IT RESOLVED by the City Council ofthe City of Carlsbad,
California, as follows:
1. The above recitations are true and correct.
2. The attached investment policy, dated February 10, 2015, (Exhibit 2) is hereby
adopted and supersedes the policy dated November 19, 2013.
^ ^ 3. That the Council finds that the investment policy dated February 10, 2015, (Exhibit 2)
19 conforms to Sections 53601 and 53635 ofthe California Government Code.
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PASSED, APPROVED AND ADOPTED at a Regular Meeting ofthe City Council ofthe City
of Carlsbad on the lO*'' day of February, 2015, by the following vote to wit:
AYES:
NOES:
ABSENT:
Council Members Hall, Blackburn, Schumacher, Wood, Packard.
None.
None.
MATT HALL, Mayor
ATTEST:
SHELLEY COLLIWS,\Assistant City Clerk
(SEAL)
'll, ^