Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Colfax Council renews LGIP investment authorization with Resolution 26-13
Summary
Council unanimously approved Resolution 26-13 to renew authorization for investing in the Local Government Investment Pool (LGIP), with councilmembers noting it provides a safe option for municipal investments.
The Colfax City Council on July 6 approved Resolution 26-13 renewing the city’s authorization to invest in the Local Government Investment Pool (LGIP).
Mayor Jim Retzer told council members they had received information about the LGIP in advance of the meeting. Councilmember Golden said he was glad cities had the option to invest in the LGIP in a "safe manner." Golden moved to approve Resolution 26-13 and Councilmember Huntwork seconded; the motion carried on a roll-call vote with all members voting yes.
The resolution renewal was recorded as unanimous. No conditions or amendments were noted in the meeting record.
