Resolutions-2014-001

RESOLUTION 2014 -001 A RESOLUTION APPRVOING 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 Ryan introduced Resolution 2014 -001 and made motion for approval and Council person Kahler seconded motion. Ayes: Petersen, Kahler, Ryan Nays: Bartels, Upton Absent: none Passed and adopted this 08th day of January, 2014. WHEREUPON, with three votes for approval, Mayor Steve Berner declared that the RESOLUTION 2014 -001 A RESOLUTION APPRVOING THE CITY' S INVESTMENT POLICY be adopted and signified his approval of the same by affixing his signature thereto. Signed Steven L. Berner, Mayor Attest: Mi n,n, City Administrator /Clerk r7e