Resolutions-2016-008

RESOLUTION 2016- 008 A RESOLUTION NAMING DEPOSITORIES FOR CITY FUNDS AND APPRVOING 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 every year to determine if 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 are is approved by City Council of Tiffin, NOW, THEREFORE, BE IT RESOLVED that the City's Investment Policy be accepted as written. On the 19th day of January, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Council person Kahler introduced Resolution 2016- 008, A RESOLUTION NAMING DEPOSITORIES FOR CITY FUNDS AND APPROVING CITY' S INVESTMENT POLICY and made motion for approval and Council person Havens seconded motion. Ayes: Havens, Ryan, Kahler, Upton, Bartels. Nays: None Absent: None Whereupon five Council members were present and voted approval, Mayor Pro -Tem Mike Ryan declared that the Resolution No. 2016- 008, 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. 19th Passed by the City Council on the day of January, 2016. f r Signed Mike Ryan, Mayor Pro -Tem Attest: Dou" oldY, City Administrator/ Clerk