RES-8261 Amending Statement of Investment PolicyRESOLUTXON NO. 8261
A RESOLUTXON OF THE CXTY COUNCXL OF
THE CXTY OF ORANGB AMBNDXNG XTS
STATBKBNT OF XNVBSTMBNT POLXCY TO
XNCREASB THE PBRCBNTAGB OF FUNDS
WHXCH MAY BB XNVBSTBD XN THB LOCAL
AGBNCY XNVBSTMBNT FUND
WHEREAS, the city council of the city of Orange has been
advised by the city Treasurer and Finance Director that an
increase in the percentage of the City's investment portfolio
which may be invested with the Local Agency Investment Fund from
15% to 25% is in the best interests of the city and the safety of
its investment portfolio.
NOW THBREFORE BB XT RESOLVED, that the City council of the
City of Orange does hereby amend its statement of Investment
Policy, adopted July 28, 1992, to change the maximum amount of
the city's investment portfolio which may be invested with the
Local Agency Investment Fund from 15% to 25%.
ADOPTBD this 9 th day of November 1993.
GENE BEYER
Mayor of the city of Orange
ATTBST: <:~ ~
1-<.u
AA<~"""_ ~Al"'<,?-"3Y~ or pr?lTem \City
C1er of t"rW"I . y of Orange I
hereby certify that the foregoing regularly
adopted by the City Council of regular
meeting thereof held on the 9 by
the following vote:Resolution
was duly and the
city of Orange at a th
of November 1993,AYES:
NOES:
ABSENT:
COUNCIL
MEMBERS: SPURGEON, BARRERA, BEYER, COONTZ, MURPHY COUNCIL
MEMBERS: NONE COUNCIL
MEMBERS: NONE dYa'/.~
a~city
Clerk ~ th~it4' of Orange RDP.:
dg