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RESOLUTION 01-17 <br /> RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HELLS <br /> ADOPTING THE REVISED INVESTMENT POLICY <br /> WHEREAS, on December 11, 2014, the City Council reviewed and adopted the Town of Los <br /> Altos Hills Investment Policy; and <br /> WHEREAS, investment policies guide staff and their advisors for all investment activities on <br /> behalf of local government agencies; and <br /> WHEREAS,those investment activities are primarily governed by the individual entity's adopted <br /> investment policy and by California state law (Government Code sections 53600-53610); and <br /> WHEREAS, the Investment Policy for the Town of Los Altos Hills is consistent with state law <br /> and, for the purpose of added safety and liquidity, is more restrictive than the state law; and <br /> WHEREAS,the Finance and Investment.Committee (FIC)has reviewed proposed changes to the <br /> Investment Policy and voted in favor of sending the amended policy to Council for its review and <br /> approval <br /> NOW THEREFORE, resolved by the City Council of the Town of Los Altos Hills that the <br /> Council hereby adopts the Town's Revised Investment Policy as presented. <br /> The above and foregoing Resolution was passed and adopted by the City Council of the Town of <br /> Los Altos Hills at a special meeting held on the 25th day of January, 2017 by the following vote: <br /> AYES: Waldeck, Radford, Corrigan, Spreen, Wu <br /> NOES: None <br /> ABSTAIN: None <br /> ABSENT: None <br /> BY: <br /> Gary Waldeck, Mayor <br /> ATTEST: <br /> Deborah Padov.an, City Clerk <br /> Resolution 01-17 Page 1 <br />