2014-066 - Adopt Town Investment PolicyRESOLUTION 2014 -066
RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
ADOPTING THE TOWN OF LOS GATOS INVESTMENT POLICY
WHEREAS, the Town of Los Gatos Investment Policy is required to be rendered to
and then considered by the legislative body of the local government in a public meeting; and
WHEREAS, the Town's existing Investment Policy was adopted in May 2008; and
WHEREAS, the new policy updates the existing policy to make it current with
California Code and with best municipal investment practices, as suggested by Cutwater Asset
Management, who is a consultant to the Town for investment advice.
NOW, THEREFORE, BE IT RESOLVED, THE TOWN COUNCIL OF THE
TOWN OF LOS GATOS has reviewed and accepted the revised Town Investment Policy.
PASSED AND ADOPTED at a regular of the Town Council of the Town of Los
Gatos, California, held on the 4th day of November 2014 by the following vote.
COUNCIL MEMBERS:
AYES: Marcia Jensen, Diane McNutt, Joe Pirzynski, Barbara Spector, Mayor Steven Leonardis
NAYS:
ABSENT:
ABSTAIN:
MAYOR OF THE TOWN OF
LOS GATOS, CALIFORNIA
ATTEST:
CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA