Resolutions-2023-002

RESOLUTION NO. 2023- 002 A RESOLUTION NAMING DEPOSITORIES FOR CITY FUNDS AND APPRVOING S INVESTMENT CITY' POLICY WHEREAS, the City of Tiffin desires to implement the City' s Investment Policy in accordance to Iowa Code Chapter 12B. 1); 10( 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 3rd day of January, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Council person Orris introduced RESOLUTION 002,A RESOLUTION NO. 2023- NAMING DEPOSITORIES FOR CITY FUNDS AND APPROVING CITY' S INVESTMENT POLICY and made motion for approval and Council person Schnedler seconded motion. Ayes: Schnedler, Limkemann, Havens, Orris, Olney. Nays: None. Absent: None. Whereupon five Council members were present and voted approval, Mayor Berner declared that the RESOLUTION NO. 2023- 002,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 3rd day of January, 2023. Signed: Steven L. Berner, Mayor Attest: a, City Clerk