Council Briefing: In Credit Rating Vote, Roseville Adds Investment Options

The city of Roseville will now be able to make mid-term investments in financial instruments. The city was previously limited to short- and long-term options.

Roseville’s City Council voted unanimously Monday night to only invest in the financial instruments of high quality credit institutions, agencies rated AA or better.

Under the a weaker credit rating of ‘A’, contract terms can require the borrower to post collateral or allow funds to be redeemed at par, according to city documents.

Here is a round up of some other items that came up at this week's Council meeting:

• The Council voted unanimously to exempt publicly owned and operated public safety facilities from driveway width maximum regulations. The exemption was designed to accommodate safety requirements for the new fire station.
• The Council approved the terms for the 2012-13 contracts of maintenance workers in IUOE Local 49.
• The council discussed amending the city’s tobacco ordinance to accommodate additional types of tobacco products, devices and shops.