HomeMy WebLinkAboutRes 2023-069RESOLUTION NO. 2023-069
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT, CALIFORNIA, APPROVING THE PALM DESERT STATEMENT
OF INVESTMENT POLICY, AS AMENDED
WHEREAS, pursuant to California Government Code Section 53646, the
Treasurer of the City of Palm Desert (hereafter referred to as the “city treasurer”) has
proposed a Statement of Investment Policy for consideration by the City Council of the
City of Palm Desert, California (hereafter referred to as the “City Council”), which is
attached hereto, and incorporated herein by reference; and
WHEREAS, pursuant to Palm Desert Municipal Code Section 3.08.020, the City
Council has delegated the authority to invest all public funds that the City holds to the city
treasurer.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, as follows:
SECTION 1. The City of Palm Desert Statement of Investment Policy is hereby
approved and adopted.
SECTION 2. The authority to invest and reinvest all public funds that the City of
Palm Desert holds, and to sell or exchange the securities so purchased, in compliance
with the terms of the approved Statement of Investment Policy, is hereby delegated to the
city treasurer.
ADOPTED ON DECEMBER 14, 2023.
KARINA QUINTANILLA
MAYOR
ATTEST:
ANTHONY J. MEJIA
CITY CLERK
DocuSign Envelope ID: BC0371AF-3DAC-4A54-B7C2-907E65DBED52
Resolution No. 2023-069 Page 2
I, Anthony J. Mejia, City Clerk of the City of Palm Desert, hereby certify that
Resolution No. 2023-069 is a full, true, and correct copy, and was duly adopted at a
regular meeting of the City Council of the City of Palm Desert on December 14, 2023, by
the following vote:
AYES: HARNIK, KELLY, NESTANDE, TRUBEE, AND QUINTANILLA
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
RECUSED: NONE
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Desert, California, on ______________.
ANTHONY J. MEJIA
CITY CLERK
DocuSign Envelope ID: BC0371AF-3DAC-4A54-B7C2-907E65DBED52
1/12/2024