HomeMy WebLinkAbout23079 RESOLUTION NO. 23079
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withdrawn on January 26, 2012 and at any and all times thereafter.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withdrawn from the Local Agency Investment Fund to be promptly reinvested and fully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, CI AGER
ATTEST:
MES THOMPSON, CITY CLERK
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 23079 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: Councilmember Lewin, Councilmember Mills, Mayor Pro Tern Foat and
Mayor Pougnet.
NOES: None.
ABSENT: Councilmember Hutcheson.
ABSTAIN: None.
?AMES THOMPSONCITY CLER
f Palm Springs, California ot