HomeMy WebLinkAbout15-139RESOLUTION NO. 15-139
ARESOLUTION AMENDING THE INVESTMENT POLICY
FOR 5T. LU0E COUNTY, FLORIDA; BY FURTHER
AMENDING THE INVESTMENT POLICY
WHEREAS, the Board of County Commissioners of St. Lucie County Florida, has made the
following determinations:
1. Pursuant to Section 218.415, Florida Statutes, onurbefore October 1, 1995, counties
that have custody of public funds in excess of the amounts needed to meet current expenses who elect
to conduct investment activity themselves rather than depositing these funds in the Local Government
Surplus Funds Trust Fund for investment by the State Board of Administration, are required to conduct
such investment activity in accordance with a written investment plan and an investment policy adopted
by the Board of County Commissioners or in the alternative to invest in specified low-risk instruments.
I On September 26, 1995, the Board adopted Resolution No. 95-168 which adopted an
investment policy as recommended by the Investment Subcommittee of the St. Lucie County Citizens
Budget Review Committee.
3. OnDecember 6,295, the Investment Committee recommended that the Board adopt
certain amendments tothe investment policy; and onJanuary Z, 1996, the Board adopted Resolution
No. 95'275 which amended the investment policy and incorporated the recommended changes ofthe
Investment Committee.
4. On December 3, 1997, the Investment Committee recommended that the Board adopt
certain amendments to the investment policy and on December 16, 1997, the Board adopted Resolution
No. 97'190 which amended the investment policy and incorporated the recommended changes of the
Investment Committee.
E On April 4, 2001, the Investment Committee recommended that the Board adopt
certain amendments tothe investment policy, and unApril 24,2O81,the Board adopted Resolution 01'
95 which amended the investment policy and incorporated the recommended changes of the
Investment Committee.
6 OnSeptember 31, 2005 the Investment Committee recommended that the Board
adopt certain changes to the investment policy, and on October 11, 2005, the Board adopted Resolution
No. 05-378.
7. On October 25, 3006 the Investment Committee recommended that the Board adopt
certain changes to the investment policy, and on November 28, 2006, the Board adopted Resolution No.
O6'345.
8. On December 6, 2007 the Investment Committee recommended the Board adopt
certain changes to the investment policy, and on December 11, 2007, the Board adopted Resolution No.
U7']96�
9. OnJanuary Z],2008 the Investment Committee recommended the Board adopt certain
changes to the investment policy, and on February 12, 2008, the Board adopted Resolution No. 08-068.
10. On January 27, 2009, the Investment Committee recommended the Board adopt certain
changes to the investment policy, and on March 10, 2009, the Board adopted Resolution No. 09-082.
11. On May 5, 2010, the Investment recommended the Board adopt certain changes to the
investment policy, and on June 8, 2010, the Board adopted Resolution No. 10-167.
12, On February 9, 2012, the Investment Committee recommended the Board adopt certain
changes, and on February 21, 2012, the Board adopted Resolution No. 12-031.
13. On December 10, 2012, the Investment Committee recommended the Board adopt
certain changes to the Investment Policy and on January 8, 2013, the Board adopted Resolution No. 13-
005.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of St. Lucie County,
Florida:
1. This Board does hereby adopt the amendments to the investment policy attached
hereto and made a part hereof as Exhibit "A," pursuant to Section 218.415, Florida Statutes.
2. Except as amended herein, the remaining terms and conditions of the Investment
Policy, as amended, shall remain in full force and effect.
3. This resolution shall take effect on adoption.
After motion and second, the vote on this resolution was as follows:
Chair Paula A. Lewis
AYE
Vice Chair Kim Johnson
AYE
Commissioner Chris Dzadovsky
AYE
Commissioner Tod Mowery
AYE
Commissioner Frannie Hutchinson
ABSENT
PASSED AND DULY ADOPTED this 18th day of August 2015.
ATTEST: BOARD OF COUNTY COMMISSIONERS
ST. LUCIE COUNTY, FLORIDA
lz 'ei
BY: 4"�e
EPUTY CLERK CHAIR
APPRO D AS TO LEGAL F RM AND
CORRECT
COUNTY ATY0111141EY