HomeMy WebLinkAbout6163 - MINUTE ORDERS - 6/3/1998 MINUTE ORDER NO. 6163
AUTHORIZING THE CITY TREASURER
TO INVEST $851,908 OF THE AIRPORT
PASSENGER FACILITY CHARGE
REVENUE BONDS, SERIES 1998
RESERVE FUND IN A LONG TERM
INVESTMENT AGREEMENT WITH THE
HIGH BID RECEIVED IN RESPONSE TO
THE REQUEST FOR BIDS PREPARED BY
FUND SERVICES ASSOCIATES, INC.
(FSA), AND REVIEWED BY THE BOND
COUNSEL, TRUSTEE AND BOND
INSURANCE COMPANY (IF ANY).
------------------
I HEREBY CERTIFY that this Minute Order, authorizing the City Treasurer to
invest $561,221 of the Airport revenue Bonds, Series 1998 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 (if any), was adopted by the City Council of the
City of Palm Springs, California, in a meeting thereof held on the 3rd day of June,
1998.
161
JUDITH SUMICH
City Clerk
B