2012/01/24 City Council Resolution 2012-15RESOLUTION NO. 2012-15
A RESOLUTION OF THE CITY OF ROHNERT PARK
AUTHORIZING CERTAIN POSITIONS WITH THE
POWER TO INVEST FUNDS ON BEHALF OF THE CITY AND TO
OPEN ACCOUNTS WITH FINANCIAL INSTITUTIONS
WHEREAS, the City of Rohnert Park frequently invests idle funds with financial institutions such
as commercial banks and savings and loans and to do so must open accounts with such institutions; and
WHEREAS, these financial institutions often require a resolution from the City to authorize
certain individuals to make investment decisions on behalf of the City.
NOW, THEREFORE BE IT RESOLVED by the Council of the City of Rohnert Park that the
following positions are authorized to open necessary accounts with financial institutions and to invest idle
funds for the City of Rohnert Park and /or its agencies:
City. Manager
Finance Director
Utility Billing and Revenue Supervisor
BE IT FURTHER RESOLVED that the past City policy of requiring signatures of any two of
the above employees for withdrawal of any funds is hereby ratified and approved.
DULY AND REGULARLY ADOPTED this 24th day of January, 2012.
ATTEST:
Deputy City Clerk
City of Rohnert Park
AHANOTU: AYE BELFORTE: AYE CALLINAN: AYE STAFFORD: AYE MACKENZIE: AYE
AYES: (5) NOES: (0) ABSENT: (0) ABSTAIN: (0)