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I I <br />A RESOLUTION TO REVISE THE CITY OF ORONO INVESTMENT POLICY <br />Whereas, effective cash management is recognized as essential to good fiscal <br />management, and <br />Whereas, Minnesota Statutes authorize and define instruments which cities may invest <br />excess cash in, and; <br />1988; <br />Whereas, the City of Orono has operated with an investment policy since December 12, <br />Now, Therefore, Be It Resolved, by the City Council of the City of Orono, to revise the <br />Statement of Investment Policy for the City of Orono. <br />Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held <br />February 22,1999. <br />Gabriel Jabbour, Mayor <br />attest: <br />Linda S. Vee, City Clerk