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RESOLUTION 23-3372 <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />CASSELBERRY, FLORIDA AMENDING 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 established on <br />February 27, 2012 by Resolution 12-2349 and amended on January 9, 2017 by Resolution 17- <br />2940 and the City desires to update the investment policy to provide consistency with state law; <br />and <br />WHEREAS, during the 2023 state legislative session, statutes were amended to require <br />state and local governments to only consider pecuniary (financial) factors when making <br />investments and prohibits local government from considering nonpecuniary factors such as <br />social, political or ideological interests. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION <br />OF THE CITY OF CASSELBERRY, FLORIDA, AS FOLLOWS: <br />SECTION I. That the City Commission of the of Casselberry hereby amends the City <br />Investment Policy as attached. <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the provisions if this Resolution are hereby repealed.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. Severability. If any Section or portion of a Section of this Resolution <br />proves to be 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 <br />day of rjc''_(:7c'_.v1Lg, <br />ATTEST: <br />d <br />Donna G. Gardner Davi Henson <br />City Clerk Mayor/Commissioner <br />