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A RESOLUTION OF THE POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY (CRA) ADOPTING THE UPDATED INVESTMENT POLICY APPROVED BY THE CITY COMMISSION PURSUANT TO RESOLUTION NO. 2026-129 ON JULY 14, 2026; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.
(Fiscal Impact: N/A)
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(Staff Contact: Allison Feurtado)
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Summary Explanation/Background:
On July 14, 2026, the City Commission adopted an updated Investment Policy pursuant to Resolution No. 2026-129. The policy establishes the standards and guidelines governing the investment of public funds in accordance with Section 218.415, Florida Statutes.
Because the Community Redevelopment Agency (CRA) invests public funds in accordance with Florida law and follows the investment policies adopted by the City of Pompano Beach, it is in the best interest of the CRA to formally adopt the City's updated Investment Policy. Adoption of the updated policy will ensure consistency between the City's and the CRA's investment practices, promote the prudent management of public funds, and maintain compliance with applicable statutory requirements.
Origin of request for this action: Staff
Fiscal impact and source of funding: N/A
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