I-5 - Resolution 2025-005 - City Depositories and Investment Policy

RESOLUTION NO. 2025-005 A RESOLUTION NAMING DEPOSITORIES FOR CITY FUNDS AND APPROVING 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 (attached) every other year to determine if the 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 and is approved by City Council of Tiffin, NOW, THEREFORE, BE IT RESOLVED that the City’s Investment Policy be accepted as written. On the 7th day of January 2025, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Council person _____ introduced RESOLUTION NO. 2025-005, A RESOLUTION NAMING DEPOSITORIES FOR CITY FUNDS AND APPROVING CITY’S INVESTMENT POLICY and made motion for approval and Council person _____ seconded motion. Ayes: Nays: Absent: Whereupon _____ Council members were present and voted approval, Mayor Kasparek declared that the RESOLUTION NO. 2025-005, 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 7th day of January, 2025. Signed: ________________________________ Tim Kasparek, Mayor Attest: ________________________________ Abigail Hora, City Clerk