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Council Member Bergeson introduced the following resolution and moved its adoption: <br /> u <br /> CITY OF LINO LAKES <br /> RESOLUTION NO.98- 178 <br /> RESOLUTION AMENDING THE CITY OF LINO LAKES <br /> INVESTMENT POLICY <br /> WHEREAS, The original investment policy was adopted per Resolution No. 29-91 and amended per <br /> Resolution No.97-149,and <br /> WHEREAS, the policy delegates authority for investment management to the Finance Director,and <br /> WHEREAS, the Finance Director position has been abolished and replaced by the Financial Analyst <br /> position,and <br /> WHEREAS, the responsibility for cash and investment management is defined within the job description <br /> for the Financial Analyst. <br /> NOW THEREFORE BE IT RESOLVED, by the Lino Lakes City Council that the City Investment Policy be <br /> amended to authorize"the appointed investment officer"in place of the"Finance Director". <br /> BE IT FURTHER RESOLVED by the Lino Lakes City Council that the appointed investment officer is <br /> designated by and within the job description of the Financial Analyst. <br /> Adopted by the Lino Lakes City Council this 21 st day of December 19 <br /> Ki berly IlifThn,Mayor <br /> Ma lyn G.Anderson,Clerk-Treasurer <br /> The motion for the adoption of the foregoing resolution was duly seconded by Council Member Lyden <br /> and upon vote being taken thereon,the following voted in favor thereof: Bergeson, Dahl, Lyden, <br /> Neal, Sullivan. <br /> The following voted against same: none <br /> Where upon said resolubonwas'declared duly passed and'adopted: <br /> .,y�y.' .. .- .. - -el�+�k-$+,".?^..±elct s.:f:r<q .rty._; _• - �,,,7,E:,,..-aw r.; r.r!�.,. _Nr <br />