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(9) LEFT BLANK INTENTIONAT I.Y. <br />STAFF REPORTS: <br />CITY IREASURER'S ITEMS <br />Annual Investment Policy <br />City Treasurer Williams assured there were no changes in the Government Code that would <br />impact the City's investments or the policy previously adopted, so the policy remained the same <br />as last year. He emphasized that there was a requirement that the policy be approved. <br />MOTION/VOTE: After brief discussion, motion/second by CM Cook/Sanders to approve the <br />Annual Investment Policy carried with no opposition to the motion. <br />STAFF REPORTS: <br />CITY MANAGER'S REPORTS AND RECOMMENDATIONS: <br />Budget Workshop <br />City Manager Garcia announced the City's fiscal health was solid and that he would be presenting <br />a solid and balanced budget plan, to be unveiled on May 26, 1998. <br />CITY ATTORNEY'S REPORTS AND RECOMMENDATIONS: <br />CLOSED SESSION: <br />City Attorney Carvalho announced that City Council would meet in Closed Session on the <br />following matters: <br />A) CONFERENCE WITH LEGAL COUNSEL -ANTICIPATED LITIGATION <br />Significant Exposure to Litigation <br />Pursuant to Government Code Section 54956.9(b) and (c) <br />Number of Potential Case(s): One <br />B) CONFERENCE WITH REAL PROPERTY NEGOTIATOR <br />Pursuant to Government Code Section 54956.8 <br />Property: APN Nos. 137-151-11, 137-151-16, 137-151-17 <br />Owner: City of Colton <br />Negotiator: Thomas A. Clarke, Utility Director <br />I RECESS: <br />Council Mins May 5,1998 4 <br />