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Cheney council approves joining Washington State Investment Pool
Summary
Council adopted Resolution F-494 to participate in the Washington State Investment Pool following staff presentation; motion carried unanimously.
Council voted unanimously to approve Resolution F-494, authorizing participation in the Washington State Investment Pool. Mr. Ableman spoke about the pool; Councilmember Barthels moved for passage and Councilmember Long seconded.
Meeting remarks did not include projected returns or the exact funds to be invested; those details are expected to be recorded in the formal resolution and staff financial file.
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