HomeMy WebLinkAbout15-182 Investment Policy � PRION
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4646 Dakota Street SE
41iNNEsoll' Prior Lake, MN 55372
RESOLUTION 15-182
A RESOLUTION AMENDING THE CITY INVESTMENT POLICY
Motion By: Thompson Second By: McGuire
WHEREAS, An Investment Policy promotes the acquisition of safe investments and maximum return on
investments consistent with the cash flow needs of the City and state statutues; and
WHEREAS, Amendments to this policy are needed from time to time to take into account changing
market conditions.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA AS FOLLOWS:
1. The recitals set forth above are incorporated herein.
2. The revised Investment Policy dated October 26, 2015 is hereby adopted.
PASSED AND ADOPTED THIS 26th DAY OF OCTOBER, 2015.
VOTE Hedberg Keeney McGuire Morton Thompso
Aye
Nay D ❑ 0 ❑ o
Absent ❑ 0 0 ❑ 0
Abstain ❑ ❑ 0 0 0
11/44 if I
Frank Bo ity anager