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Council reviews proposed investment policy update; questions on interest allocation remain
5433860 · May 20, 2025
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Summary
Councilors discussed Resolution 582-25, which would repeal a prior investment policy and adopt a new policy; discussion focused on how interest would be allocated among funds and on quarterly reporting if investments occur.
The Depoe Bay City Council reviewed a resolution—listed as Resolution 582-25—to repeal a prior investment policy (Resolution 402) and adopt a new investment policy governing city investments and reporting.
Councilors and staff discussed how interest earnings would be treated, especially whether interest…
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