Resolution 15-006 Re-Adopting the Established Investment Policies of the Permanent Fund

CITY OF HOMER

HOMER, ALASKA

City Clerk/Permanent Fund

Committee

RESOLUTION 15-006

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, RE-ADOPTING THE ESTABLISHED INVESTMENT POLICIES OF THE PERMANENT FUND.

               WHEREAS, Pursuant to Homer City Code 3.10.130(b)(2) the City Council shall review the investment policies of the Permanent Fund at least once a year during the first quarter and shall by formal resolution, re-adopt or modify said policies; and

               WHEREAS, The Permanent Fund Committee met on February 13, June 12, August 14, September 18, and November 13, 2014 to review the investment policies of the Permanent Fund as outlined in Homer City Code Chapter 3.12; and

               WHEREAS, By unanimous consent the Permanent Fund Committee voted that the fund remain as it is currently established and invested.

               NOW, THEREFORE, BE IT RESOLVED that the City Council of Homer, Alaska, re-adopts the established investment policies of the Permanent Fund.

               PASSED AND ADOPTED by the Homer City Council this 12th day of January, 2015.

                                                                                          CITY OF HOMER

                                                                                          ____________________

                                                                                          MARY E. WYTHE, MAYOR

ATTEST:

___________________________

JO JOHNSON, MMC, CITY CLERK

Fiscal Note: N/A