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DRAFT J:\Attorney\Lisa\Resolutions\CiJRRENT\Investment Pol Mnd Res 2002.wpd January 4, 2002 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, AFFIRMING THAT THE CITY OF PARIS HAS COMPLIED WITH THE REQUIREMENTS OF THE PUBLIC FUNDS INVESTMENT ACT; AMENDING THE CITY'S INVESTMENT POLICY; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Chapter 2256 ofthe Texas Government Code, commonly known as the "Public Funds Investment Act," requires the chief financial offer of the City to attend investment training; and, WHEREAS, the City of Paris approves of the investment training course sponsored by the Texas Municipal League or any other independent source; and, WHEREAS, the chieffinancial officer ofthe City ofParis has attended an investment training course sponsored by the Texas Municipal League or other independent source, as required by the Public Funds Investment Act; and, WHEREAS, the Public Funds Investment Act requires the City to adopt an investment policy by rule, order, ordinance, or resolution; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 12th day of February, 1990, in Resolution No. 90-009, adopt an investment policy, which was amended on the 13th day of November, 1995, by Resolution No. 95-122, on the 9th day of March, 1998, by Resolution No. 98-036, on the l lth day of January, 1999, by Resolution No. 99-003, and on the 12th day ofFebruary 2001, by Resolution No. 2001-010; and it is deemed appropriate that such policy be further amended; and, WHEREAS, the amended investment policy and incorporated revisions, a copy of which is attached hereto as Exhibit A, comply with the Public Funds Investment Act, as amended, and authorize the investment of City funds in safe and prudent investments; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved.