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Lemoore reports $81 million in invested assets; council approves consent calendar
Summary
Finance staff reported a total cash and invested portfolio of about $81,000,000 at quarter end; the council accepted the informational report, and approved the consent calendar (5–0), including a second‑reading ordinance adopting a planned unit development at 109 Hamlet Street.
The Lemoore City Council received an informational investment report at its Feb. 3 meeting showing a total cash and invested portfolio of approximately $81,000,000 for the reporting quarter. Finance staff member Jocelyn told the council the city uses a mix of managed portfolios through US Bank, the State’s LAIF program and the CAMP pooled fund, and said staff moved…
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