HomeMy WebLinkAboutCC RES 2016-41RESOLUTION NO. 2016-41
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 of Palm Desert 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:
Janet M. Moore
Director of Finance &
City Treasurer
L7Y
Jose Luis Espinoza
Assistant Finance Director
l
Thomas J. Metz
Deputy City Treasurer
OPT1I11/-
RESOLUTION NO. 2016-41
PASSED, APPROVED, AND ADOPTED, by the City Council of the City of Palm
Desert, County of Riverside, State of Califomia, at its regular meeting held on this 26th
day of May, 2016, by the following vote, to wit:
AYES: HARNIK, JONATHAN, TANNER, WEBER, & SPIEGEL
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ROBERT A. SPIE'GA\YOR
ATTEST:
RA L E D. S CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
APPROVED AS TO FORM:
RT HARGFIEAVES, CITY ATTORNEY
BES*, BEST & KRIEGER, VLP