HomeMy WebLinkAboutResolution 2005-043
RESOLUTION NO. 2005-043
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS,
TEXAS, THAT:
1.
The City of North Richland Hills acknowledges the high priority of providing the necessary
guardianship of public funds in the municipal sector.
The City Council expressly intends to set high fiscal standards, delegate treasury and
investment duties to appropriate officials, and to review the actual performance at regular
intervals.
The City Council hereby intends to implement investment requirements set forth in Tex. Rev.
Civ. Stat. Ann., Art. 4413 (34c) and 2256.
2.
The City Council has reviewed and hereby adopts the City of North Richland Hills' Investment
Strategy Statements dated May 23, 2005, as prepared by the City's Investment Committee.
These Investment Strategy Statements replace the previous document dated May 10, 2004.
The City Council has also reviewed and hereby adopts the City of North Richland Hills'
Investment Policy dated May 23,2005, including all revisions and changes required under state
law or recommended by City staff. This Investment Policy replaces the investment policy dated
May 10, 2004.
PASSED AND APPROVED this 23rd day of May 2005.
Oscar Trevino, Mayor
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APP~Ø I S''To FORM AND LEGALITY:
APPROVED AS TO CONTENT: