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RESOLUTION 17-2940 <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />CASSELBERRY, FLORIDA REVISING THE CITY INVESTMENT <br />POLICY; PROVIDING FOR CONFLICTS, SEVERABILITY AND <br />PROVIDING FOR AN EFFECTIVE DATE. <br />WHEREAS, Florida Statutes 218.415, Local Government Investment Policies, requires <br />governments to have an investment policy in place; and <br />WHEREAS, the Investment Policy for the City of Casselberry was last updated February <br />27, 2012 via Resolution 12-2349 and the City desires to revise and update the investment policy <br />to concur with the use of an investment advisor and investment manager. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF CASSELBERRY, FLORIDA, AS FOLLOWS: <br />SECTION I. The City Commission of the City of Casselberry hereby accepts and <br />approves the revised Investment Policy dated January 9, 2017 attached as Exhibit A. <br />SECTION II. Conflicts. All resolutions or parts of resolutions in conflict with any of <br />the provisions if this Resolution are hereby repealed. <br />SECTION III. Severabilitv. If any Section or portion of a Section of this Resolution <br />proves to eb invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair the <br />validity, force, or effect of any other Section or part of this Resolution. <br />SECTION IV. Effective Date. This Resolution shall become effective immediately <br />upon its passage and adoption. <br />PASSED and ADOPTED this day of_. 2017. <br />ATTEST: <br />Donna G. Gardner <br />City Clerk <br />Charlene Glancy <br />Mayor/Commissioner <br />