HomeMy WebLinkAbout1/30/2012 - STAFF REPORTS - 1 RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, RATIFYING, CONFIRMING,
AND APPROVING THE WITHDRAWAL OF CITY FUNDS
FROM THE LOCAL AGENCY INVESTMENT FUND AND THE
REINVESTMENT OF SUCH FUNDS IN A MANNER
CONSISTENT WITH THE CITY INVESTMENT POLICY.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA,
RESOLVES:
SECTION 1. The City Council ratifies, confirms, and approves the City
Treasurer's withdrawal of all funds from the Local Agency Investment Fund. This
ratification, confirmation, and approval shall be deemed to include any and all amounts
withdrawn on January 26, 2012 and at any and all times thereafter.
SECTION 2. The City Treasurer is directed and authorized to reinvest all funds
withdrawn from the Local Agency Investment Fund to be promptly reinvested and fully
accounted and documented in a manner consistent with the adopted City Investment
Policy.
PASSED, APPROVED, AND ADOPTED BY THE PALM SPRINGS CITY
COUNCIL THIS 30TH DAY OF JANUARY, 2012.
DAVID H. READY, CITY MANAGER
ATTEST:
JAMES THOMPSON, CITY CLERK
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
1, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. is a full, true and correct copy, and was duly adopted at a duly
noticed special meeting of the City Council of the City of Palm Springs on January 30,
2012, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
JAMES THOMPSON, CITY CLERK
City of Palm Springs, California
RESOLUTION NO.
A RESOLUTION OF THE AGENCY BOARD OF THE CITY OF
PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY
RATIFYING, CONFIRMING, AND APPROVING THE
WITHDRAWAL OF AGENCY FUNDS FROM THE LOCAL
AGENCY INVESTMENT FUND AND THE REINVESTMENT OF
SUCH FUNDS IN A MANNER CONSISTENT WITH THE CITY
INVESTMENT POLICY.
THE AGENCY BOARD OF THE CITY OF PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY RESOLVES:
SECTION 1. The Agency Board of the City of Palm Springs Community
Redevelopment Agency ratifies, confirms, and approves the City Treasurer's withdrawal
of all funds from the Local Agency Investment Fund. This ratification, confirmation, and
approval shall be deemed to include any and all amounts withdrawn on January 26,
2012 and at any and all times thereafter.
SECTION 2. The City Treasurer is directed and authorized to reinvest all funds
withdrawn from the Local Agency Investment Fund to be promptly reinvested and fully
accounted and documented in a manner consistent with the adopted City Investment
Policy.
PASSED, APPROVED, AND ADOPTED BY THE AGENCY BOARD OF THE
CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY THIS 30TH
DAY OF JANUARY, 2012.
DAVID H. READY, EXECUTIVE DIRECTOR
ATTEST:
JAMES THOMPSON, SECRETARY
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, Secretary of the City of Palm Springs Community
Redevelopment Agency, hereby certify that Resolution No. is a full, true and
correct copy, and was duly adopted at a duly noticed meeting of the Agency Board of
the City of Palm Springs Community Redevelopment Agency on January 30, 2012, by
the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
JAMES THOMPSON, SECRETARY
Community Redevelopment Agency
City of Palm Springs, California