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RESOLUTION 65-19 <br />RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS <br />ADOPTING THE REVISED INVESTMENT POLICY <br />WHEREAS, on January 25, 2017 the City Council reviewed and adopted the Town of Los Altos <br />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 <br />adopted investment policy and by California state law (Government Code sections 53600- <br />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 <br />the Investment Policy. and voted in favor of sending the amended policy to. Council for its review <br />and 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 passed and adopted by the City Council of the Town of Los <br />Altos Hills at a regular meeting held on the 17th day of October 2019, by the following vote: <br />AYES: Spreen, Wu, Corrigan, Tankha, Tyson <br />NOES: None <br />ABSENT: None <br />ABSTAIN: None <br />BY:� <br />Roger preen ayor <br />ATTEST: <br />P <br />Deborah Padovan, City Clerk <br />Resolution 65-19 Page 1 <br />