Resolution 00-05
:'"
RESOLUTION NO. {}(}-05_
A RESOLUTION of the City Council of the City of Wylie, Texas, amending the
current investment policy, providing for safekeeping and custody.
WHEREAS, the Public Funds Investment Act, as amended, requires the City of
adopt an investment policy by rule, order, ordinance or resolution; and
WHEREAS, the City Council desires that Section XI, Selection of
BrokerslDealers, be amended to prohibit the City from adding its depository bank to its
list ofbrokersldealers if the depository bank is also providing custodial and safekeeping
services; and
WHEREAS, the City Council desires that Section XIII, Safekeeping and
Custody, be amended to allow the City's depository bank to perform safekeeping and
custody services for the City; and
WHEREAS, the attached amendment to Section XIII, Safekeeping and Custody,
complies with the Texas Government Code, Chapter 2256, Public Funds Investment Act,
Subchapter A - Authorized Investments for Governmental Entities and Subchapter B -
Miscellaneous Provisions as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF WYLIE, THAT the City of Wylie has complied with the requirements
of the Public Funds Investment Act and the Investment Policy, as amended and attached
hereto, is hereby adopted as the investment policy of the City effective March 14, 2000.
PASSED AND ADOPTED this 14th day of March, 2000.
..
..
=