Resolutions-2025-005

RESOLUTION 005 NO. 2025- A RESOLUTION NAMING DEPOSITORIES FOR CITY FUNDS AND APPRVOING S INVESTMENT POLICY CITY' 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 7th day of January 2025, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Council person Orris 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 Havens seconded motion. Ayes: Limkemann, Havens, Orris, Olney, Schnedler. Nays: None. Absent: None. Whereupon five Council present and voted approval, Mayor Kasparek members were declared that the RESOLUTION NO. 005, 2025- 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, yor Attest: Abigail td' ora, City Clerk