22-3304 Addendum to the City Investment Policy

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RESOLUTION 22-3304 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA, PROVIDING FOR AN ' ADDENDUM TO THE CITY INVESTMENT POLICY; PROVIDING FOR CONFLICTS, SEVERABILITY. AND AN EFFECTIVE DATE. WHEREAS, pursuant to Florida Statutes 218.415, Local Government Investment Policies, requires governments to have an investment policy in place; and WHEREAS, the City's Investment Policy was updated on February 27, 2012 via Resolution 12-2349 and revised on January 9, 2017 via Resolution 17-2940 and the City desires to include an addendum and update the investment policy to provide for a separate "Project Funding Account" portfolio in order to maximize the total yield while ensuring safety within the investments. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA, AS FOLLOWS: SECTION I. The City Commission of the City of Casselberry hereby accepts and approves the addendum to the Investment Policy dated April 1.1; 2022 attached as Exhibit A. SECTION II. Conflicts. All Resolution or parts of Resolutions in conflict with any of the provisions of this Resolution are hereby repealed. SECTION III. Severability. If any Section or portion of a Section of this Resolution proves to be invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair the validity, force, or effect of any other Section or part of this Resolution. SECTION IV. Effective Date. This Resolution shall become effective immediately upon its passage and adoption. PASSED AND ADOPTED this 11th day of April, A.D., 2022. ATTEST: Donna G. Gardner City Clerk David Henson Mayor/Commissioner