HomeMy WebLinkAboutReso 2007-164
RESOLUTION NO. 2007-164
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 provide direction
for the prudent investment of temporarily idle cash; and
WHEREAS, pursuant to California Government Code section 53646, the City Treasurer may
annually present the City's Investment Policy to the City Council for Council's review and approval;
and
WHEREAS, the current Policy was recently submitted to the Association of Public
Treasurers United States and Canada (APT-US&C) for certification in its award program and will
receive the Certificate of Excellence Award at its annual conference in August 2007; and
WHEREAS, City staff recommends maintaining the existing Investment Policy and
Guidelines.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista
that it maintains the existing City Investment Policy and Guidelines, attached to and incorporated
into this Resolution by this reference.
Presented by
Approved as to form by
lfYkr fu ,W=-
Mari Kachadoonan
Finance Director
~MOI\\\ ~\W~~\~
,
Ann Moore
City Attorney
Resolution No. 2007-164
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City ofChula Vista,
California, this 10th day of July 2007 by the following vote:
AYES:
Councilmembers:
Castaneda, McCann, Ramirez, Rindone, and Cox
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
None
ATTEST:
Chcryl C~~;'~
-::.- --=-- i.u 6.. ~ ==S. /"......1 f) .J
Susan Bigelow, MMC, City CI~k
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. 2007-164 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 July 2007.
Executed this 10th day of July 2007.
-<;::- --:::il.l,{ I ~~ D ~
Susan Bigelow, MMC, City C
---~