Hawthorne

City Council

March 26, 2024 Item #11

Agenda Item 11

11. Increased Investments in 1-5 year lettered fixed investments through Multi-Bank\nSecurities (MBS).\nRECOMMENDED MOTION: Approve City Treasurer’s request to increase\ninvestments through MBS and authorize certain designated City of Hawthorne\nOfficers (pursuant to Resolution 8010) to execute transfers of up to $5.5 million\nof City's General Fund to invest in fixed investments through Multi-Bank\nSecurities.\nCITY ATTORNEY'S CONSENT CALENDAR