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City of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.ci.miamLfl.us
File Number: 05-00698 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ACCEPTING AND APPROVING THE AMENDED CITY OF MIAMI INVESTMENT
POLICY ("INVESTMENT POLICY"), ATTACHED AND INCORPORATED;
DIRECTING THE CITY MANAGER TO INSTRUCT THE DIRECTOR OF FINANCE
TO IMPLEMENT THE AMENDED INVESTMENT POLICY.
WHEREAS, Resolution No. 01-448, adopted May 10, 2001, accepted and authorized the
implementation of the City of Miami Investment Policy ("Investment Policy"); and
WHEREAS, on July 19, 2005, the Finance Committee met and approved the recommended
amendments to the Investment Policy; and
WHEREAS, the Department of Finance is recommending that the City Commission accept and
approve the Finance Committee amendments to the Investment Policy;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORI DA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The amended Investment Policy, attached and incorporated, is accepted and approved.
Section 3. The City Manager is directed to instruct the Director of Finance to implement the
amended Investment Policy.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1 }
APPROVED AS TO FORM AND CORRECTNESS`/
JORGE' 'NANDEZ
CITY AT •' EY✓
City of Miami
Page 1 of 2 Printed On: 7/19/2005
File Number.: 05-00698
Footnotes:
t1} if the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 Printed On: 7/19/2005