HomeMy WebLinkAboutResolution - 2000-R0418 - Revised Investment Policy & Investment Strategy - 11/27/2000Resolution No. 2000-R0418
November 27, 2000
Item No. 12
RESOLUTION
WHEREAS, on August 25, 1995, the City Council of the City of Lubbock adopted
Resolution #4933 which established an investment policy for the City of Lubbock; and
WHEREAS, on December 18, 1997, the City Council of the City of Lubbock adopted
Resolution #5728 which revised the City's investment policy so as to comply with changes to the
Public Funds Investment Act (Chapter 2256 of the Texas Government Code); and
WHEREAS, on May 28, 1998, the City Council of the City of Lubbock adopted
Resolution #5867 which revised the City's investment policy so as to amend current practices
and strategies and clarify current provisions, which revisions comply with the Public Funds
Investment Act (Chapter 2256 of the Texas Government Code); and
WHEREAS, on November 4, 1999, the City Council of the City of Lubbock adopted
Resolution #6600 which revised the City's investment policy so as to make minor
"housekeeping" changes and bring the current investment policy into compliance with House
Bill 3009; and
WHEREAS, the City Council has reviewed and approved the City of Lubbock Texas
Investment Policy and Investment Strategy and desires to make certain changes thereto so as to
amend current practices and strategies and clarify current provisions, which revisions comply
with the Public Funds Investment Act (Chapter 2256 of the Texas Government Code); NOW
THEREFORE,
IT IS HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City of Lubbock investment policy and investment strategy, as reviewed and
amended in the attached document entitled "City of Lubbock, Texas, Investment Policy and
Investment Strategy" which is hereby incorporated in this Resolution as if fully set forth, BE
approved and adopted for the City of Lubbock, Texas, and shall be included in the minutes of the
Council.
Passed by the City Council this 27th day of November 2000.
W DY Sfy10- M O
A` T ST:
Kaythijarnell, City Secretary
APPROVED AS TO CONTENT:
7
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Perry Stout
g Director of Finance
Interim Manag�
APPROVED AS TO FORM:
Assistant City Attorney
JMK:cp CityatUJobn/lnvestmentPolicy-2.Res & ccdocs
November 15, 2000