HomeMy Public PortalAboutResolutions-2016-008RESOLUTION 2016-008
A RESOLUTION NAMING DEPOSITORIES FOR CITY FUNDS AND APPRVOING
CITY'S INVESTMENT POLICY
WHEREAS, the City of Tiffin desires to implement the City's Investment Policy in
accordance to Iowa Code Chapter 12B.10(1); and,
WHEREAS, the City of Tiffin desires to review Investment Policy every year to
determine if Policy is current with Iowa Code; and,
WHEREAS, said Resolution will remain a permanent attachment to the Investment
Policy until at such time it changes are is approved by City Council of Tiffin,
NOW, THEREFORE, BE IT RESOLVED that the City's Investment Policy be accepted
as written.
On the 19th day of January, at a regular meeting of the Tiffin City Council, Tiffin, Iowa,
Council person Kahler introduced Resolution 2016-008, A RESOLUTION NAMING
DEPOSITORIES FOR CITY FUNDS AND APPROVING CITY'S INVESTMENT
POLICY and made motion for approval and Council person Havens seconded motion.
Ayes: Havens, Ryan, Kahler, Upton, Bartels.
Nays: None
Absent: None
Whereupon five Council members were present and voted approval, Mayor Pro -Tem
Mike Ryan declared that the Resolution No. 2016-008, A RESOLUTION NAMING
DEPOSITORIES FOR CITY FUNDS AND APPROVING CITY'S INVESTMENT
POLICY to be adopted and signified his approval of the same by affixing his signature
thereto.
Passed by the City Council on the 19th day of January, 2016.
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Signed
Attest:
Dou"oldY, City Administrator/Clerk
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/Mike Ryan, Mayor Pro -Tem