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Commission approves investment policy update, pop-up library license, fentanyl initiative funding and towing revenue account
Summary
The commission approved an amended investment policy, a license agreement for a pop-up library and community placemaking hub, supplemental state funding for a fentanyl initiative, and a revenue account to record towing receipts.
During its May 27 meeting the City Commission approved several administrative items summarized as follows:
• The commission approved a resolution amending and restating the city’s investment policy to comply with statutory requirements and establish the city's authorized investment practices.
• The commission approved a license agreement with "Palm Beach of Inter Philanthropy Incorporated" for placement and operation of a pop-up library and community placemaking hub (as named in the meeting summary).
• The commission approved a resolution accepting supplemental state financial assistance for a fentanyl initiative in the amount of $103,000 to assist in conducting complex criminal investigations.
• The commission approved a resolution establishing a revenue account to recognize receipts paid to the City of West Palm Beach for towing services provided by Coffs Towing and Sheehan's Towing in accordance with Ordinance No. 4999-22.
The meeting summary lists these actions as approved but does not include vote tallies, the full text of the investment policy changes, terms of the license agreement, or the administrative account numbers used to record the towing receipts.
