HomeMy WebLinkAboutReso 1998-18884 RESOLUTION NO. 18884
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 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 by maintaining the existing
policy.
Presented by Approved as to form by
Finance Director ~it~nAMtt'orKnaeh~nY ~
Resolution 18884
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 10th day of February, 1998, by the following vote:
AYES: Councilmembers: Moot, Padilia, Rindone, Salas and Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
ATTEST:
Authelet, City Clerk
.F
STATE OF CALIFORNIA )
COUNTY QF SAN DIEGO )
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18884 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 10th day of February,
1998.
Executed this 10th day of February, 1998.
Beverl~y.Autt~elet, City Clert~