HomeMy WebLinkAboutORD 675ORDINANCE NO. 675
AN ORDINANCE OF THE CITY OF PALM DESERT, CALIFORNIA,
AMENDING PALM DESERT MUNICIPAL CODE SECTION 2.16.010
RELATING TO THE INVESTMENT COMMITTEE
The City Council of the City of Palm Desert, California, DOES
HEREBY ORDAIN as follows:
Section 1: That Section 2.16.010 be, and the same hereby
is, amended to read as follows:
Section 2.16.010. Office Created.
"There is established in the City an
Investment Committee composed of the Finance
Director/Treasurer, City Manager, Assistant
City Manager -Redevelopment, Mayor, Mayor Pro-
Tem, City Attorney and one (1) citizen from
the community appointed by the Mayor, subject
to concurrence by the Council, which
Investment Committee will make decisions
regarding investments and deposits of money
deemed by the Finance Director to be available
as set forth in Chapter 2.08 of this Code."
Section 2. The City Clerk shall certify as to the passage
and adoption of this ordinance and shall cause the same to be
published once in the Palm Desert Post, a newspaper of general
circulation, printed, published, and circulated within the City of
Palm Desert, and the same shall be in force and effect thirty (30)
days after its adoption.
PASSED, APPROVED, and ADOPTED this 26th day of March, 1992, by
the City Council of the City of Palm Desert, California, by the
following vote, to wit:
AYES: Crites, Snyder, Wilson, Benson
NOES: None
ABSENT: Kelly
ABSTAIN: None
JEAN BENSON, Mayor Pro-Tem
City of Palm Desert, California
-ATTEST: