Resolutions-2011-03 (3)

RESOLUTION 2011-03 A RESOLUTION APPROVING THE 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), WHEREAS, the City of Tiffin desires to review Investment Policy every year and purpose to determine if Policy is current with Iowa Code, WHEREAS, said Resolution will remain a permanent attachment to the Investment Policy, until at such time that changes are appropriate and approved by City Council of Tiffin, NOW, THEREFORE; BE IT RESOLVED that the City's Investment Policy be accepted as written. Council person Chris Ball introduced Resolution 2011-03 and made motion for approval and Council person Travis Weipert seconded motion. Ayes: Chris Ball, Jim Bartels, Mark Petersen, Travis Weipert Nay: None Absent: Mike Gericke Passed and adopted this 9th day of February 2011. WHEREUPON, with Four votes for approval, Mayor Royce Phillips declared that the RESOLUTION 2011-03 A RESOLUTION APPROVING THE CITY'S INVESTMENT POLICY be adopted and signified his approval of the same by affixing his signature thereto. Signed: Royce W Phillips, Mayor ATTEST: Ruth Demuth, City Clerk