HomeMy WebLinkAboutORD 776ORDINANCE NO. 776
AN ORDINANCE OF THE CITY OF PALM DESERT,
CALIFORNIA, AMENDING CHAPTER 2.16 OF THE CODE
OF THE CITY OF PALM DESERT, CALIFORNIA,
RELATING TO INVESTMENT COMMITTEE.
The City Council of the City of Palm Desert, California, DOES
ORDAIN as follows:
SECTION 1. That Chapter.2.16 be, and the same hereby is,
amended to read as follows:
"CHAPTER 2.16
INVESTMENT & FINANCE COMMITTEE
SECTION 2.16.010. Office Created.
There is hereby established in the City an
investment and finance committee composed of the finance
director/treasurer, city manager, assistant city manager -
redevelopment, mayor, mayor pro-tem, city attorney and up
to a maximum of four (4) citizens 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 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 full force and effect thirty (30) days
after its adoption.
PASSED, APPROVED and ADOPTED this 27th day of April, 1995, by
the following vote, to wit:
AYES: Benson, Kelly, Snyder, Spiegel, Crites
NOES: None
ABSENT: None
ABSTAIN: None
BUFO A. CRITES, Mayor
/ ) Cit of Palm Desert, California
SHEILA R. -G' MIGAN, f#y Clerk
City of Palm Deser , alifornia
DJE63182