26BUDGET(FULL-LINKED) - Flipbook - Page 277
CITY OF PLYMOUTH
RESOLUTION #2025-76
Financial Investment Policy Amendments
Motion to approve the following resolution made by Moroz, supported by Minton;
WHEREAS
The 1943 PA 20 as amended, provides that the legislative or governing body of a
county, city, village, township or special assessment district, by resolution, may
authorize its Finance Director to invest the City’s surplus funds; and
WHEREAS
These surplus funds can only be invested in investments that are in compliance with
1943 PA 20 as amended, being MCL 129.91 through 129.97a; and
WHEREAS
The City Commission of the City of Plymouth has reviewed the proposed revised
investment policy which expands the existing policy to include scope, objectives and
investment procedures.
THEREFORE, BE IT RESOLVED that the City Commission of the City of Plymouth hereby adopts the
following investment policy for the City of Plymouth to amend and replace the Investment Policy
adopted March 7, 2022:
There was a voice vote.
MOTION PASSED UNANIMOUSLY
Maureen A. Brodie
_________________________________
MAUREEN A. BRODIE, CMC, MiPMC
CITY CLERK
CITY OF PLYMOUTH, MICHIGAN
I, Maureen A. Brodie, City Clerk for the City of Plymouth, Michigan, do hereby certify the foregoing
to be a true and correct copy of a resolution approved by the Plymouth City Commission at their
regular meeting scheduled on Monday August 18, 2025
