HomeMy WebLinkAboutCC RES 2011-14RESOLUTION NO. 2011-14
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT, CALIFORNIA, AUTHORIZING THE INVESTMENT OF
MONIES IN THE RIVERSIDE COUNTY TREASURER'S POOLED
INVESTMENT FUND
WHEREAS, pursuant to California Government Code Sections 27000.1 and
27000.1 (b), the Riverside County Treasurer is authorized to invest or reinvest the
monies of local agencies in the county treasury, and to hold such monies in trust;
WHEREAS, the City Council does hereby find that the deposit and withdrawal of
monies in the Riverside County Treasurer's Pooled Investment Fund for the purpose of
investment. is in the best interests of the City of Palm Desert.
NOW THEREFORE, BE IT RESOLVED, that the City Council does hereby
authorize the deposit and withdrawal of monies in the Riverside County Treasurer's
Pooled Investment Fund for the purpose of investment, and verification by the Riverside
County Treasurer's Office of all banking information provided in that regard.
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PALM DESERT, CALIFORNIA, that the following City officers or their successors in
office shall be authorized to order the deposit or withdrawal of monies in the Riverside
County Treasurer's Pooled Investment Fund:
Paul S. Gibson
City Treasurer
Jose Luis Espinoza
Thomas W. Jeffrey
Assistant Fnance Director Deputy City Treasurer
gic5maJA)
RESOLUTION NO. 2011-14
PASSED, APPROVED, AND ADOPTED, by the City Council of the City of Palm
Desert, Riverside County, California, at its regular meeting held on this 10th day of
March, 2011, by the following vote, to wit:
AYES: FINERTY, HARNIK, KROONEN, SPIEGEL, and BENSON
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
__,A(.‘4-t6,-)-.-
`RCN M. BENSO , MAYOR
ATTEST:
CHE LE D. KLAS N, CITY CLER<
CITY OF PALM DESERT, CALIFORNIA
2