Laserfiche WebLink
<br /> . <br /> I CITY OF ARDEN IDLLS <br /> .- MEMORANDUM <br /> DATE: August 24, 1995 <br /> . <br /> TO: Brian Fritsinger, City Administrator <br /> I FROM@rerrance Post, City Treasurer <br /> . SUBJECT: Investment PQ!icv MQdifications <br /> Council discussed this subject at the August 17, 1995 work session. Among the modifications <br /> . being recommended, the following are most significant. <br /> 1. Making the InvestmentPolicy more restrictive than current Minnesota Statute allows <br /> . with respect to permitted investments. The specific recommendation is to limit <br /> investment options to United States government and agency issues. <br /> I 2. Expressly excluding non-money market mutual funds and mortgage backed securities <br /> from the portfolio. <br /> I. Formal Action <br /> I Staff recommends that Council consider adopting Resolution No. 95-60, "Resolution Adopting <br /> Modified City Investment Policy" under Consent at the August 28, 1995 Council meeting. <br /> . <br /> I <br /> I <br /> I <br /> I <br /> I <br /> . . <br /> I <br />