HomeMy WebLinkAbout032524 RES - 08/17/2021Resolution reaffirming the City of Corpus Christi's Investment Policy and Investment
Strategies for fiscal year 2021-2022.
WHEREAS, the City of Corpus Christi's Investment Policy and Investment Strategies
were first adopted pursuant to Resolution No. 022390 on October 24, 1995;
WHEREAS, the Texas Public Funds Investment Act requires the governing body to
annually review, amend as necessary, and reaffirm its investment policy and investment
strategies;
WHEREAS, the Investment Policy and Investment Strategies were previously reviewed
and reaffirmed for fiscal year 2020-21 pursuant to Resolution No. 032189 on August 25, 2020;
and
WHEREAS, the Investment Policy and Investment Strategies were reviewed for fiscal
year 2021-22 by the Investment Committee on June 1, 2021; and the documents are being
recommended for reaffirmation by the City Council, to include an updated issuance date.
Now, therefore, be it resolved by the City Council of the City of Corpus Christi, Texas:
Section 1. The City Council has reviewed the City of Corpus Christi's Investment Policy and
Investment Strategies for fiscal year 2021-22. A copy of the Investment Policy, which contains
the separate Investment Strategies, for fiscal year 2021-22 is attached to this resolution as
Exhibit A and incorporated by reference into this resolution as if set out here in its entirety.
Section 2. With an updated issuance date that coincides with the date this resolution is passed,
the City Council approves the City of Corpus Christi's Investment Policy and Investment
Strategies for fiscal year 2021-2022, appoints the investment officers as named and authorized
in the Investment Policy and Investment Strategies, and reaffirms the continuation of the policy
and strategies in full force and effect.
PASSED AND APPROVED on the h day of -1\-U S4- , 2021.
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
John Martinez
Ben Molina
N -L
032524
SCANNED
Mike Pusley
Greg Smith
ATTEST: 1 OF CORPUS CHRISTI
Rebecca Huerta Paulette M. Guajardo
City Secretary
Mayor
r �J
:� 3 F.,.!1 5 4
Page 2 of 2