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Resolution 2007-05
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Resolution 2007-05
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Last modified
3/12/2021 2:46:31 PM
Creation date
4/20/2007 11:33:09 AM
Metadata
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Template:
City Council Records
Doc Type
Resolution
Signed Date
1/16/2007
Ord/Res - Year
2007
Ord/Res - Number
05
Original Hardcopy Storage
7D5
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RES 2007-05
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<br /> RESOLUTION NO.5 <br /> SERIES 2007 <br /> A RESOLUTION APPROVING AN INVESTMENT POLICY FOR THE <br /> CITY OF LOUISVILLE <br />WHEREAS, the City hasa dopted Fiscal Policiest hat set guidelines for managing the <br />fiscal affairs of the City; and <br />WHEREAS, the Fiscal Policies include investment policies for the City; and <br />WHEREAS, House Bill 06-1287 amended certain provisions in Part 6 of Article 75, <br />Title 24 of the Colorado Revised Statutes, which affect the City's investment policies; and <br />WHEREAS, the City desin:s to revise its investment policies; and <br />WHEREAS, on December 18, 2006, the City's Finance Committee reviewed and <br />approved the proposed Investment Policy, a copy of which accompanies this Resolution; and <br />WHEREAS, pursuant to th,e City's Fiscal Policies, the Fiscal Policies may be added to or <br />modified by Council resolution. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO: <br />1. The Investment Policies contained in the City's Fiscal Policies, as adopted by <br />Resolution No. 42, Series 1989 (and as currently published as Policy 38 through Policy 40 at pages <br />14 and 15 of the City's 2006 Annual Operating and Capital Budget) are hereby rescinded. <br />2. The proposed Investment Policy for the City of Louisville which is attached hereto <br />and incorporated herein by this reference is hereby adopted as the Investment Policy for the City of <br />Louisville, Colorado. <br /> PASSED AND ADOPTED this 16thdaYOfJ{~ <br /> Charles L. Sisk, Mayor <br />
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