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V <br />RESOLUTION NO. 2020-58 <br />INTRODUCED BY: Mayor Bodnar <br />C+J <br />AN EMERGENCY RESOLUTION <br />AMENDING THE INVESTMENT POLICY OF MAYFIELD VILLAGE <br />WHEREAS, in 1996 Mayfield Village adopted an Investment Policy through Ordinance <br />No. 96-31 in accordance with Ohio Law; and <br />WHEREAS, in 2012 Mayfield Village amended the Investment Policy through Ordinance <br />2011-25; and <br />WHEREAS, additional amendments are needed to the Investment Policy in order to more <br />accurately reflect what is permitted under Ohio Law; and <br />WHEREAS, the Finance Director reviewed and revised the Investment Policy and <br />recommends the amendments as set forth in Exhibit A, attached hereto; and <br />WHEREAS, the Council deems it necessary and in the best interest to the health, safety <br />and welfare of all Village residents to adopt the amended Investment Policy. <br />BE IT RESOLVED BY THE COUNCIL OF MAYFIELD VILLAGE, OHIO, THAT: <br />SECTION 1. The Investment Policy for Mayfield Village, adopted in 1996, as amended, <br />is hereby further amended and adopted as set forth in Exhibit A, attached hereto and incorporated <br />herein. <br />SECTION 2. The Council finds and determines that all formal actions of this Council <br />relating to the adoption of this Resolution have been taken at open meeting of this Council; and <br />that deliberations of this Council and of its committees, resulting in such formal action, took place <br />in meetings open to the public, in compliance with all statutory requirements including <br />requirements of Section 121.22 of the Ohio Revised Code. <br />11 <br />