HomeMy WebLinkAbout5836 - MINUTE ORDERS - 11/6/1996 MINUTE ORDER NO. 5836
AUTHORIZING;THE CITY TREASURER TO '
INVEST $1,729,999 OF THE 1996
REFUNDING CERTIFICATES OF
PARTICIPATION MULTIPLE CAPITAL
FACILITIES PROJECT RESERVE FUND IN
A LONG TERM INVESTMENT AGREE-
MENT 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
$1,729,999 of the 1996 Refunding Certificates of Participation Multiple;Capital Facilities
Project Reserve Bonds 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 6th day of November, 1996.
�JUDITH SUMICI
City Clerk
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