HomeMy WebLinkAboutORD 976ORDINANCE NO. 976
AN ORDINANCE OF THE CITY OF PALM DESERT,
CALIFORNIA AMENDING SECTION 2.16.010 OF THE CODE
OF THE CITY OF PALM DESERT, CALIFORNIA.
The City Council of the City of Palm Desert, California does hereby ordain as follows:
Section 1. That Section 2.16.010 of the Code of the City of Palm Desert, California be
in the same as hereby amended to read as follows:
"2,16.010 Office Created
There is hereby established in the City an Investment and
Finance Committee composed of the Finance Director/Treasurer,
Investment Manager, City Manager, Assistant City Manager
Redevelopment, City Attorney, two members of the City Council
appointed by the Mayor, and up to a maximum of four citizens from
the community appointed by the Mayor, both subject to concurrence
by the Council. The 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 the passage and adoption of this Ordinance and
shall cause the same to be published once in the newspaper of general circulation printed within the
City of Palm Desert, California. It shall be in full force and effect thirty (30) days after its adoption.
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Ordinance No. 976
PASSED, APPROVED AND ADOPTED this 25 th day of ,January 72001, OR%
by the City Council of the City of Palm Desert, California, by the following vote, to wit:
AYES: BENSON, CRITES, KELLY, SPIEGEL, FERGUSON
NOES: NONE
ABSENT NONE
City of Palm Desert, California
APPROVED TO O
By:
David J. rwin, City Attorney
City of Palm Desert, California
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