Chapter 3.06
INVESTMENT OF FUNDS

Sections:

3.06.010    City investment committee authorized to make investments.

3.06.020    Investment policy.

3.06.030    Investment committee’s authority within investment policy.

3.06.040    Authority to invest police pension funds.

3.06.010 City investment committee authorized to make investments.

The city hereby authorizes the city investment committee to make investments. (Ord. 2083-95 § 1, 1995)

3.06.020 Investment policy.

The city hereby adopts the investment policy, which is attached to the ordinance codified in this chapter and incorporated herein by reference, and such policy shall supersede any previous investment policies. This investment policy shall apply to all financial assets of the city, except the police pension and fire pension funds, which are covered in separate investment policies. (Ord. 3536-17 § 1, 2017: Ord. 2513-01 § 1, 2001: Ord. 2083-95 § 2, 1995)

3.06.030 Investment committee’s authority within investment policy.

The authority granted to the city investment committee is included within the content of the city’s investment policy attached to the ordinance codified in this chapter. (Ord. 2083-95 § 3, 1995)

3.06.040 Authority to invest police pension funds.

A.    The city authorizes the city investment committee to make investments for police pension funds.

B.    The city adopts the city investment policy attached to the ordinance codified in this chapter for the police pension fund.

C.    The authority granted to the city investment committee is included within the content of the investment policy—police pension fund attached to the ordinance codified in this section. (Ord. 2164-96 §§ 1—3, 1996)