HomeMy WebLinkAboutResolution 2026-056 RESOLUTION NO. 2026-056
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NORTH
RICHLAND HILLS, TEXAS, ADOPTING THE CITY OF NORTH
RICHLAND HILLS INVESTMENT POLICY; ADOPTING THE CITY OF
NORTH RICHLAND HILLS INVESTMENT STRATEGY; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of North Richland Hills is a home rule city acting under its charter
adopted by the electorate pursuant to Article XI, Section 5, of the Texas
Constitution and Chapter 9 of the Local Government Code; and
WHEREAS, the City previously adopted an investment policy pursuant to the Public
Funds Investment Act; and
WHEREAS, the Public Funds Investment Act requires each governmental entity review
its investment policy not less than annually; and
WHEREAS, the City Council of the City of North Richland Hills desires to provide an
investment policy and investment strategy for the investment of funds held
by the City of North Richland Hills in a manner providing security of principal
and liquidity; and
WHEREAS, the investment policy of the City of North Richland Hills shall address
investment diversification, yield and maturity requirements, and the quality
and capability of investment management, and shall provide limitations,
strategies, specifications, and methods for all investments of the City; and
WHEREAS, the City of North Richland Hills has reviewed its investment policy and
investment strategy and the adoption of the same in this Resolution shall
record any changes made to investment policy or investment strategy; and
WHEREAS, pursuant to Section 2256.005(a) of the Texas Government Code a
municipality engaging in investing funds shall adopt by resolution its written
investment policy.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
NORTH RICHLAND HILLS, TEXAS, THAT:
SECTION 1. The City Council hereby finds that the recitals set forth above are true and
correct and are incorporated into this Resolution as written herein.
SECTION 2. The City of North Richland Hills hereby adopts the City of North Richland
Hills' Investment Policy, a copy of which is attached. This policy is adopted
in accordance with the provisions of Chapter 2256 of the Texas Government
Code.
Resolution No.2026-056
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SECTION 3. The City of North Richland Hills hereby adopts the City of North Richland
Hills' Investment Strategy, a copy of which is attached. This strategy is
adopted in accordance with the provisions of Chapter 2256 of the Texas
Government Code and conforms to the City's Investment Policy.
SECTION 4. All Resolutions of the City Council of the City in conflict herewith are hereby
amended or repealed to the extent of such conflict.
SECTION 5. This Resolution shall take effect and be in full force and effect from and after
the date of its adoption, and it is so resolved.
PASSED AND APPROVED on this 9th day of November, 2026.
CITY OF NORTH RICHLAND HILLS
• ack McCarty, Mayor
ATTEST: $ L4/V
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°° °
Alicia Richardson, o.° VI 1 14'h
City Secretary/Chief Governar c fficer...• 41/
APPROVED AS TO FORM AND LEGALITY:
Bradley A. Anderle, City Attorney
APPROVED AS TO CONTENT:
6'• igaRina0-
Steph-n Barnes, Finance Director
Resolution No.2026-056
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