HomeMy WebLinkAboutRES 112409-Z - Investment PolicyRESOLUTION NO. I
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, AMENDING THE EXISTING CITY OF GEORGETOWN INVESTMENT
POLICY EFFECTIVE NOVEMBER 24, 2009.
WHEREAS, the goal of the City of Georgetown is to implement an investment policy that
utilizes all current municipal investment practices, while ensuring the safety and availability of all
funds entrusted to the City in compliance whh state federal, slate and local laws; and
WHEREAS, the City Council of the Cily of Georgetown has reviewed the investment
policy; and
WHEREAS, the City Council of the City of Georgetown wishes to amend its Investment
Policy (as last amended November 1, 2008); and
- NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, THAT:
SECTION 1. The facts and recitations contained in the preamble of this resolution are hereby
found and declared to be true and correct, and are incorporated by reference herein and
expressly made a part hereof, as if copied verbatim, The enactment of this ordinance is not
inconsistent or in conflict with any 2030 Plan Policies.
SECTION 2. The Investment Policy attached as Exhibit "A" is hereby adopted by the City
Council of the City of Georgetown, Texas.
SECTION 3. This resolution shall be effective immediately upon adoption,
RESOLVED this 24th day of November 2009,
EST: THE /TYOFGil ORGETON:
y/ t
ica Hami1} By: George Garver
Secretary Mayor
APPROVED AS TO FORM:
(LA cALY
Mark Sokolow
City Attomey
November24, 2009Investment Resolution No.
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