2006/01/10 City Council Resolution (10)RESOLUTION NO. 2006- 10
A RESOLUTION OF THE CITY OF ROHNERT PARK AUTHORIZING CERTAIN POSITIONS
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
Director of Administrative Services
Accounting Services 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 10th day of January, 2006.
ATTEST:
City Clerk ig
City of Rohnert Park
Mayor Smith
BRT Pqk
BREEZE: AYE FLORES: AYE MACKENZIE: AYE VIDAK- MARTINEZ: AYE SMITH: AYE
AYES: (5) NOES: (0) ABSENT: (0) ABSTAIN: (0)