HomeMy WebLinkAboutRES 16-7025 (ANNUAL STATEMENT-INVESTMENT POLICY)1
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RESOLUTION NO. 16-7025
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HERMOSA BEACH, CALIFORNIA, ACKNOWLEDGING THE
RECEIPT, FILING AND APPROVAL OF THE ANNUAL STATEMENT
OF INVESTMENT POLICY
SECTION 1. The Investment Policy attached hereto and incorporated herein by reference
is hereby adopted as the investment policy for the City of Hermosa Beach.
SECTION 2. This Investment Policy rescinds Resolution No. 14-6920.
SECTION 3. This Resolution shall take effect immediately upon its passage and adoption.
The City Clerk shall certify to the passage and adoption of this Resolution, shall enter the same in
the book of original Resolutions of said city; and shall make a minute of the passage and adoption
thereof in the records of the proceedings of the City Council at which the same is passed and
adopted.
PASSED, APPROVED AND ADOPTED this loth day of May, 2016.
ATTEST:
City Clerk
f the Oty Council and "AYOR of the City of Hermosa Beach, California
APPROVED AS TO FORM:
City Arne
16-7025
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF HERMOSA BEACH
I, Elaine Doerfling, City Clerk of the City of Hermosa Beach, California, do
hereby certify that the foregoing Resolution No. 16-7025 was duly and regularly passed,
approved and adopted by the City Council of the City of Hermosa Beach at a Regular
Meeting of said Council at the regular place thereof on May 10, 2016.
The vote was as follows:
AYES: Armato, Duclos, Massey, Fangary, Mayor Petty
NOES: None
ABSTAIN: None
ABSENT: None
Dated May 10, 2016
Elaine Doerfling, City Clerk