HomeMy WebLinkAbout5578 - MINUTE ORDERS - 6/7/1995 MINUTE ORDER NO. 5579
AUTHORIZING THE CITY TREASURER TO
INVEST$4,181,887.50 OF THE 1991 SERIES
A LEASE REVENUE BONDS(CONVENTION
CENTER PROJECT) RESERVE FUND IN A
LONG TERM INVESTMENT AGREEMENT
WITH THE HIGH BID RECEIVED IN
RESPONSE TO THE REQUEST FOR BID
PREPARED BY FUND SERVICES
ASSOCIATES,INC. (FSA), AND REVIEWED
BY THE BOND COUNSEL, TRUSTEE AND
BOND INSURANCE COMPANY.
I HEREBY CERTIFY that this Minute Order, authorizing the City Treasurer to invest
$4,181,887.50 of the 1991 Series A Lease Revenue Bonds (Convention Center Project)
Reserve Fund in a long term Investment Agreement with the high bid received in
response to the Request for Bid prepared by Fund Services Associates, Inc., and
reviewed by the bond counsel, trustee and bond insurance company, was adopted by the
City Council of the City of Palm Springs, California, in a meeting thereof held on the
7th day of June, 1995.
(7 �ITH SUMICH
City Clerk