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.
X020701