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Council adopts resolution joining Texas CLASS investment pool for short-term emergency funds
3512694 · January 14, 2025
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Summary
Council adopted Resolution 20250114-018 to allow the city to participate in the Texas CLASS investment pool to earn higher short-term interest on an emergency deposit; council named authorized signers and directed staff to proceed.
Angleton City Council on Jan. 14 adopted Resolution 20250114-018 consenting to participation in the Texas CLASS investment pool and naming authorized signers for the account.
Finance staff recommended the city diversify short-term investments and move an emergency deposit (from a $4…
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