HomeMy WebLinkAbout19-142 2019 Investment Policy Update Resolution
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 19-142
A RESOLUTION AMENDING THE CITY INVESTMENT POLICY
Motion By: Thompson Second By: Erickson
WHEREAS,
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
Amendments to this policy are needed from time to time to take into account Minnesota
statute and 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 is hereby adopted.
PASSED AND ADOPTED THIS 2nd DAY OF DECEMBER 2019.
VOTE Briggs Thompson Burkart Braid Erickson
Aye X X X X
Nay
Absent
Abstain X
______________________________
Jason Wedel, City Manager