HomeMy WebLinkAboutReso 2001-026 RESOLUTION NO. 2001-026
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, staff 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
Deputy City Manager
Resolution 2001-026
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 13th day of February, 2001, by the following vote:
AYES: Councilmembers: Davis, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: Padilla
Shirley Horto~,~ayor
ATTEST:
Susan Bigelow, City CI~
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, Califomia, do hereby certify that the foregoing
Resolution No. 2001-026 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 13th day of February, 2001.
Executed this 13th day of February, 2001.