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CITY COUNCIL OF THE CITY OF PLEASANTON <br />ALAMEDA COUNTY, CALIFORNIA <br />RESOLUTION NO. 03-099 <br /> <br />RESOLUTION APPROVING INVESTMENT POLICY REVISIONS OF <br />THE CITY OF PLEASANTON <br /> <br />WHEREAS, <br /> <br />pursuant to new legislation affecting local governments and at the <br />recommendation of the City's independent auditors, the City's investment policy <br />is being updated to include AB 943 and AB 2220 changes; and <br /> <br />WHEREAS, <br /> <br />the changes include revised maturity limits for Bankers Acceptances and <br />Commercial Paper, neither of which staff has invested in for more than ten years, <br />and report'mg requirements that the City has already been complying with; and <br /> <br />WHEREAS, the City annually adopts the investment policy and the current policy was adopted <br /> in April 2003. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: <br /> <br />The City Council hereby approves the updated Investment Policy, which includes <br />the new legislation changes, a copy of which Investment Policy is attached hereto <br />and incorporated herein by this reference. <br /> <br />Section 2. This resolution shall become effective immediately upon its passage and adoption. <br /> <br /> <br />