HomeMy WebLinkAboutCity Council - 98-98 RESOLUTION NO. 98-98
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF HUNTINGTON BEACH
APPROVING THE ANNUAL FISCAL YEAR 1998/1999
INVESTMENT POLICY
WHEREAS, the City Council of the City of Huntington Beach is required to
approve an annual statement of investment policy; and
The duly elected City Treasurer has recommended approval of the City of
Huntington Beach Investment Policy, attached hereto and incorporated herein by
this reference; and
The duly appointed Investment Advisory Board has reviewed the City
Treasurer's recommended policy and also recommends approval thereof; and
The policy is consistent with California Government Code §53600, et.
seq., attached hereto and incorporated herein by this reference.
NOW, THEREFORE, the City Council of the City of Huntington Beach
hereby approves and adopts the attached City of Huntington Beach Investment
Policy for Fiscal Year 1998/1999 so long as applied in a manner consistent with
state and local law as amended from time to time.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at
a regular meeting thereof held on the 21st day of December 1998.
Mayor
ATTEST: APPROVED AS TO FORM:
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G�tG P—z DC
City Clerk City Attorney
REVIEWED AND APPROVED: INITIATED AND APPROVED:
City AdMinistrator *y (uj rer
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Res. No. 98-98
STATE OF CALIFORNIA )
COUNTY OF ORANGE } ss:
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY, the duly elected, qualified City Clerk of
the City of Huntington Beach, and ex-officio Clerk of the City Council of said City,
do hereby certify that the whole number of members of the City Council of the City
of Huntington Beach is seven; that the foregoing resolution was passed and adopted
by the affirmative vote of at least a majority of all the members of said City Council
at a regular meeting thereof held on the 21st day of December, 1998 by the
following vote:
AYES: Bauer, Garofalo, Green, Dettloff, Harman, Sullivan
NOES: None
ABSENT: Julien
City Clerk and ex-officio Jerk of the
City Council of the City of Huntington
Beach, California