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<br />I <br /> <br />TOWN OF TRUCKEE <br />California <br /> <br />RESOLUTION 2008-20 <br /> <br />A RESOLUTION OF THE TRUCKEE TOWN COUNCIL <br />ADOPTING TOWN INVESTMENT POLICY <br /> <br />WHEREAS, the Town Council has the final authority to invest surplus funds <br />pursuant to Government Code Section 53601, and <br /> <br />WHEREAS, the Town Council may delegate its investment authority to the Town <br />Treasurer and explicitly provide what investments the Town Treasurer is or is not <br />allowed to make in an annual investment policy; and <br /> <br />WHEREAS, the Town Council desires to so delegate and adopt an Investment <br />Policy for the 2008/2009 fiscal year <br /> <br />***** <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE TRUCKEE TOWN COUNCIL <br />as follows: <br /> <br />I <br /> <br />1 The Town Treasurer is hereby appointed to carry out the Investment Policy <br />that is on file in the Town Clerk's Office. <br /> <br />2. The Town Treasurer shall submit a report to the Town Council of any and all <br />investment transactions pursuant to Section 53607 of the Government Code. <br /> <br />The foregoing Resolution was introduced by Council Member Anderson, <br />seconded by Council Member Dee, at a Regular Meeting of the Truckee Town <br />Council, held on the 1st day of May, 2008 and adopted by the following vote: <br /> <br />AYES: Council Member Anderson, Council Member Dee, Council <br />Member Susman, Vice Mayor Brown, and Mayor Green. <br /> <br />None <br /> <br />NOES: <br />ABSENT: <br /> <br />None <br /> <br />.~ iJuu / <br /> <br />, Barbara Green, Mayor <br /> <br />Attest: <br /> <br /> <br />I <br />