Item Coversheet

VAIL TOWN COUNCIL AGENDA MEMO

ITEM/TOPIC:   Ordinance No. 24, Series 2016, First Reading, An Ordinance Amending Sections of Chapter 2 in the Vail Town Code to Update the Investment Policy for the Town of Vail

PRESENTER(S):   Kathleen Halloran, Finance Director

ACTION REQUESTED OF COUNCIL:   Approve or approve with amendments Ordinance No. 21, Series 2016

BACKGROUND:   The town's investment policy has not been updated in over 15 years.  The proposed ordinance will update the policy to slightly broaden categories of investments that the town is allowed to participate in, as well as make administrative updates.

STAFF RECOMMENDATION:   Approve or approve with amendments Ordinance No. 24, Series 2016

ATTACHMENTS:
Description
Investments