HomeMy WebLinkAboutCC Res 7650 2025-05-27 RESOLUTION 7650
A RESOLUTION OF THE SEAL BEACH CITY COUNCIL
APPROVING THE STATEMENT OF INVESTMENT POLICY AND
ANNUAL DELEGATION OF INVESTMENT AUTHORITY TO THE
DIRECTOR OF FINANCE/CITY TREASURER
THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE:
Section 1. The City Council hereby approves the Fiscal Year 2025-26
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 27th day of May 2025 by the following vote:
AYES: Council Members Kalmick, Wong, Senecal, Steele, Landau
NOES: Council Members
ABSENT: Council Members
ABSTAIN: Council Members
Lisa L dau, N yor
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Gloria Harper, ity Clerk \9y �fp 21 ' Ci ,
STATE OF CALIFORNIA }
COUNTY OF ORANGE }
CITY OF SEAL BEACH }
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 7650 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 27th day of May 2025.
Gloria D. Harper, City Clerk
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