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Kennedale council approves participation in LOGIC investment pool
Summary
The Kennedale City Council voted to approve an application to participate in the LOGIC local government investment pool, reallocating about $14.5 million among the city’s LGIP holdings; the motion passed with a 3–0 vote and one abstention.
The Kennedale City Council voted Oct. 21 to authorize application to participate in the LOGIC local government investment pool, giving the city another short-term investment option alongside its participation in the TechStar (TxStar) pool.
Director Horton presented the city’s draft monthly financials and the investment report and said staff proposes reallocating…
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