HomeMy WebLinkAboutReso 2000-050 RESOLUTION NO. 2000-050
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA MAINTAINING THE EXISTING CITY
INVESTMENT POLICY AND GUIDELINES
WHEREAS, the City has an existing Investment Policy and Guidelines to insure the prudent
management of idle cash; and
WHEREAS, state law (Government Code Section 53646) requires that the Investment Policy
and Guidelines be adopted by resolution of the City Council on an annual basis after being reviewed
to ensure consistency with the overall objectives of preservation of principal, liquidity, and yield,
and its relevance to current law and financial and economic trends; and
WHEREAS, staffs recommends maintaining the existing Investment Policy and Guidelines.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby maintain the existing City Investment Policy and Guidelines.
Presented by Approved as to form by
Finance ;ix~ctor Johti' . Kaheny ~
Resolution 2000-050
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
Califomia, this 154 day of February, 2000, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilla, Salas, and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Susan Bigelow, City Cler~
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2000-050 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 15th day of February, 2000.
Executed this 15t" day of February, 2000.
Susan Bigelow, City Cler
m