HomeMy WebLinkAboutCC Res 4722 1999-07-26
RESOLUTION NUMBER "11 a2.:2..
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH,
CALIFORNIA, ADOPTING AND FILING THE ANNUAL STATEMENT OF
INVESTMENT POLICY AND GUIDELINES FOR THE FISCAL YEAR 1999/2000
THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
WHEREAS, the California State Legislature passed legislation during the t984 session
requiring the filing of an annual Statement ofInvestment Policy by local public
agencies; and
I
WHERERAS, the Orange County bankruptcy resulted in further tegislation in Senate Bills 563
And 866 reinforcing the "prudent man" investment of public funds; and
WHEREAS, the City Treasurer, in conjunction with the City Manager of the City of Seal
Beach, declares the annual Statement ofInvestment Policy and Investment
Guidelines to be as stated in attached Exhibit A.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY
RESOLVE:
Section 1:
That an annual Statement of Investment Policy and Guidelines has been filed by the
City Treasurer for Fiscal Year 1999/00 in compliance with Section 53646(a) of the
Government Code of the State of California.
AYES:
COUNCILMEMBE
I
PASSED, APPROVED AND ADOPTED BY THE City Counc'
meeting hereof held on the e::2~lA day of
1998 by the following vote:
NOES:
p.BSTAIN:
COUNCILMEMBER
COUNCILMEMBER~c?lIzar
Mayor r
STATE OF CALIFORNIA)
COUNTY OF ORANGE )
CITY OF SEAL BEACH )
I, Joanne M. Yeo, City Clerk for the City of Seal Beach, California, do hereby certifY that the
foregoing resolution is the original copy of Resolution Number~..2..2 on file in that office of I
the City Clerk, passed, approved and adopted by the ity ouncil of the City of Seal Beach at a
regular meeting hereof held on the ~ ~ day of 1999.