HomeMy WebLinkAboutRES 961210-KRESOLUTION NO. ?6 1 °2 %0 ' n
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, AMENDING THE EXISTING CITY OF
GEORGETOWN INVESTMENT POLICY EFFECTIVE DECEMBER 10,
1996.
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 with state federal, state and local laws; and
WHEREAS, the City Council of the City of Georgetown wishes to amend its Investment
Policy (as last amended November 14, 1995); 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 City Council hereby finds that this resolution
implements Finance Policy End 5.0 of the Century Plan - Policy Plan Element, which states: "All
municipal operations are conducted in an efficient business -like manner and sufficient financial
resources for both short-term and long-term needs are provided"; and further finds that the adoption
of this resolution is not inconsistent or in conflict with any other Century Plan Policies, as required
by Section 2.03 of the Administrative Chapter of the Policy Plan.
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 10th day of December, 1996.
ATTEST:
Sandra Lee
City Secretary
7,ROVED AS TO FORM: Marianne Landers Banks
City Attorney
1996 Investment Resolution No.
Page I of 1
THE CITY OF GEORGETOWN:
�-By: LEO WOOD
Mayor