HomeMy WebLinkAbout21209 - RESOLUTIONS - 2/16/2005 RESOLUTION NO. 21209
' OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, DECLARING 26 DORMANT
DEPOSITS IN THE CITY'S TRUST AND AGENCY
FUND AS SURPLUS, ESTABLISHING
PROCEDURE FOR CLAIMING SAID DEPOSITS
AND AUTHORIZING THE TRANSFER TO THE
CITY'S GENERAL FUND OF ANY ACCOUNTS
REMAINING UNCLAIMED AFTER THE
EXPIRATION OF THE CLAIM PERIOD.
WHEREAS, the City accepts deposits for a variety of reasons into its Trust and
Agency Fund; and
WHEREAS, several of those deposits are dormant and have had no activity for at
least three years; and
WHEREAS, the City has not been able to locate the owners of the deposits; and
WHEREAS, State law prescribes the procedures for declaring these deposits as
surplus
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm
' Springs, to declare the deposits to be surplus, direct the Director of Finance to
follow the prescriptions of State law regarding the posting of notices for the filing of
claims, and authorize any unclaimed deposits to be transferred to the City's
General Fund.
ADOPTED this 16`h day of February, 2005.
AYES: Members Foat, McCulloch, Mills, Pougnet and Mayor Oden
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
�/ City Clerk City Manager�'� �;;`"
REVIEWED &APPROVED AS TO FORM