HomeMy WebLinkAboutCC Res 6981 2019-12-09 RESOLUTION 6981
111 A RESOLUTION OF THE SEAL BEACH CITY COUNCIL
APPROVING THE STATEMENT OF INVESTMENT POLICY AND
ANNUAL DELGATION OF AUTHORITY TO THE DIRECTOR OF
FINANCE/CITY TREASURER
THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE:
Section 1. The City Council hereby approves the FY 2019-2020 Statement of
Investment Policy as stated in Exhibit A, attached hereto and incorporated herein
by this reference.
Section 2. The City Council hereby reauthorizes the delegation of its investment
authority and the management of the investment program to the Director of
Finance/City Treasurer for a period of one year following the date this Resolution
is adopted.
PASSED, APPROVED and ADOPTED by the Seal Beach City Council at a
regular meeting held on the 9th day of December 2019 by the following vote:
AYES: Council Members: Kalmick, Moore, Massa-Lavitt, Sustarsic, Varipapa
NOES: Council Members: None
ABSENT: Council Members: None
ABSTAIN: Council Members: None
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Thomas Moore, Mayor
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Gloria D. Harp: City Clerk '4?64 .:', 2�2V4 -
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH } 111
I, Gloria D. Harper, City Clerk of the City of Seal Beach, do hereby certify that the
foregoing resolution is the original copy of Resolution 6981 on file in the office of
the City Clerk, passed, approved, and adopted by the Seal Beach City Council at
a regular meeting held on the 9th day of December, 2019.
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c loria D. Har. •r, City Clerk