6.6.4.010 Findings

(a) The Pueblo's resources currently include a financial portfolio which is managed by an investment advisor, a professional firm employed by the Pueblo for many years;

(b) The Pueblo's investment funds are designated to be used for land purchases and other future needs of the Pueblo including a safety net for unforeseen emergencies;

(c) The Pueblo's investment advisors have recommended that the Pueblo adopt a formal investment policy to guide the Pueblo's investment decisions and practices;

(d) The Council finds that it is in the best interests of the Pueblo to adopt a formal short-term investment policy.

(e) The Council hereby enacts the attached law entitled, "APPROVING THE STATEMENT OF INVESTMENT POLICY OBJECTIVES AND GUIDELINES – HIGH INCOME (SHORT-TERM) INVESTMENT PORTFOLIO."