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CITY OF MOUND <br /> RESOLUTION NO. <br /> STATE OF MINNESOTA <br /> COUNTY OF HENNEPIN <br /> CITY OF MOUND <br /> RESOLUTION ESTABLISHING A CITY INVESTMENT POLICY <br /> WHEREAS, effective cash management and investment policies are recognized as <br /> essential to good fiscal management; and <br /> WHEREAS, investment policies must be well founded and uncompromisingly applied in <br /> their legal, vendor and administrative aspects; and <br /> WHEREAS, the laws of Minnesota prescribe procedures to be followed in the <br /> investment of public funds and it is the City's intent to adhere to these procedures. <br /> NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> MOUND, HENNEPIN COUNTY, MINNESOTA, THAT: the City Council hereby <br /> authorizes the following: <br /> 1. Establishment of an investment policy as shown in attachment Exhibit A, to be • <br /> followed by all City officials responsible for the investment of City funds. <br /> 2. The investment policy will be reviewed and updated as needed. <br /> Adopted by the City Council of the City of Mound, Hennepin County, Minnesota, this <br /> 14th day of December, 2004. <br /> Pat Meisel, Mayor <br /> ATTEST: <br /> Bonnie Ritter <br /> City Clerk <br />