Decision details

It is resolved that:

(A)       Council adopt the revised Investment Policy and Investment Strategy for the management and investment of Council’s funds, as shown in Attachments A and B to the subject report;

(B)       the Chief Executive Officer be requested to develop a policy for Council’s non-financial investments, to frame appropriate parameters for investment in commercial properties and other forms of investment, that align to the City’s strategic and other operational policies;

(C)       the policy should consider opportunities for Council to use its investments to maximises benefits to the community and address the needs of the City of Sydney Local Government Area; and

(D)       the policy be brought to Council and then placed on public exhibition, to enable community feedback before being considered for final adoption.

Amended motion carried unanimously.

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