HomeMy WebLinkAbout06951ORDINANCE NO. 6951
AN ORDINANCE ADOPTING THE CITY OF PUEBLO INVESTMENT POLICY
WHEREAS, The City Charter and State Statutes authorize the City Council to designate
and approve investments and deposits of City funds and funds over which the City has investment
control, and
WHEREAS, an investment policy aids in the prudent deposit and investment of these funds
by providing guidelines for the safety, liquidity , and yield.
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The City of Pueblo Investment Policy attached hereto, is hereby approved and adopted as
the Investment Policy for funds of the City or over which the City has investment control.
SECTION 2.
All prior Resolutions of the City Council relating to investment of City funds or funds under
the City's control are hereby repealed.
SECTION 3.
This ordinance shall become effective immediately upon final passage.
INTRODUCED February 10, 2003
BY Al Guru ►e
Councilperson
APPROVED:
President of City Council
ATTEST:
City rk
PASSED AND APPROVED: February 24. 2003