Resolution 12-022 Re-Adopting the Established Investment Policies of the Permanent Fund

CITY OF HOMER
HOMER, ALASKA

City Clerk/Permanent Fund
Committee

RESOLUTION 12-022

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 9, 2012 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 27th day of March, 2012.

CITY OF HOMER

_____________________________
JAMES C. HORNADAY, MAYOR

ATTEST:

______________________________
JO JOHNSON, CMC, CITY CLERK

Fiscal Note: N/A