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Council Member Bergeson introduced the following resolution and moved its adoption: <br />WHEREAS, <br />Resolution No. <br />WHEREAS, <br />WHEREAS, <br />position, and <br />CITY OF LINO LAKES <br />RESOLUTION NO. 98- 178 <br />RESOLUTION AMENDING THE CITY OF LINO LAKES <br />INVESTMENT POLICY <br />The original investment policy was adopted per Resolution No. 29-91 and amended per <br />97-149, and <br />the policy delegates authority for investment management to the Finance Director, and <br />the Finance Director position has been abolished and replaced by the Financial Analyst <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 21st day of December 19 <br />-litc-c�Cl� <br />Ma 1ynLL ttjiderson, 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 resolution was declared duly passed and'adopted: <br />• <br />