Item Coversheet






Supervisor Bosworth offered the following resolution and moved its adoption, which resolution was declared adopted after a poll of the members of this Board:

RESOLUTION NO. 621 - 2018

A RESOLUTION AMENDING THE TOWN OF NORTH HEMPSTEAD INVESTMENT POLICY.

        WHEREAS, the Town Board (the “Board”) of the Town of North Hempstead (the “Town”) has heretofore adopted, and authorized amendments to, the Investment Policy of the Town of North Hempstead (the “Investment Policy”); and

 

        WHEREAS, the Town Comptroller (the “Comptroller”) has requested authorization to further amend the Investment Policy in accordance with the proposed amendments set forth in the amended Investment Policy annexed hereto as Schedule A (the “Amended Investment Policy”); and

 

        WHEREAS, the Board wishes to authorize the amendments and adopt the Amended Investment Policy.

 

        NOW, THEREFORE, BE IT

 

        RESOLVED that the Town Board does hereby authorize the amendments and adopt the Amended Investment Policy, a copy of which shall be filed in the offices of the Town Clerk and Comptroller; and be it further

 

        RESOLVED that the Comptroller shall annually provide a copy of the Amended Investment Policy to each designated depository institution.

 

Dated:        Manhasset, New York

 

                  December 18, 2018

 

The vote on the foregoing resolution was recorded as fol­lows:

 

Ayes:  Councilperson De Giorgio, Councilperson Ferrara, Councilperson Kaplan, Councilperson Russell, Councilperson Seeman, Councilperson Zuckerman, Supervisor Bosworth

 

Nays:  None

 

 

cc:        Town Attorney        Comptroller