6.6.4.020 Additional Findings

The Council hereby finds and declares that:

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

(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, and

(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, and

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