HomeMy WebLinkAbout65-19RESOLUTION 65-19
RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS
ADOPTING THE REVISED INVESTMENT POLICY
WHEREAS, on January 25, 2017 the City Council reviewed and adopted the Town of Los Altos
Hills Investment Policy; and
WHEREAS, investment policies guide staff and their advisors for all investment activities on
behalf of local government agencies; and
WHEREAS, those investment activities are primarily governed by the individual entity's
adopted investment policy and by California state law (Government Code sections 53600-
53610); and
WHEREAS, the ,Investment Policy for the Town of Los Altos Hills is consistent with state law
and, for the purpose of added safety and liquidity, is more restrictive than the state law; and
WHEREAS, the Finance and Investment Committee (FIC) has reviewed proposed changes to
the Investment Policy. and voted in favor of sending the amended policy to. Council for its review
and approval
NOW THEREFORE, resolved by the City Council of the Town of Los Altos Hills that the
Council hereby adopts the Town's Revised Investment Policy as presented.
The above and foregoing Resolution passed and adopted by the City Council of the Town of Los
Altos Hills at a regular meeting held on the 17th day of October 2019, by the following vote:
AYES: Spreen, Wu, Corrigan, Tankha, Tyson
NOES: None
ABSENT: None
ABSTAIN: None
BY:�
Roger preen ayor
ATTEST:
P
Deborah Padovan, City Clerk
Resolution 65-19 Page 1