HomeMy WebLinkAboutReso 2006-176
RESOLUTION NO. 2006-176
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, City staff recommends maintaining the existing Investment Policy and
Guidelines.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista
does hereby maintain the existing City Investment Policy and Guidelines, attached to this resolution
and incorporated by this reference.
Presented by
Approved as to form by
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Ann oore /
City Attorney "-~
Maria
Financ
Resolution No. 2006-176
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 13th day of June 2006 by the following vote:
....-...,.
AYES:
Councilmembers:
Castaneda, Chavez, McCann, Rindone, and Padilla
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
None
Ai A;1/~-eI'"~ 111-,,~
~~c~ /adilla, Mayor /
ATTEST:
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Susan Bigelow, MMC, City rk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
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I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2006-176 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 June 2006.
Executed this 13th day of June 2006.
~~~~~~
Susan Bigelow, MMC, City Clerk
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