2003/04/22 City Council Resolution (12)RESOLUTION NO. 2003- 89
A RESOLUTION OF THE COUNCIL 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 and /or its agencies:
Finance Director /City Treasurer
City Manager
Payroll Specialist
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 22nd day of April, 2003.
� 41W
FLORES: AYE MACKENZIE:ABSENT
NORDIN: AYE SPRADLIN: AYE
VIDAK- MARTINEZ:AYE
AYES: (4) NOES: (0) ABSENT: (1) ABSTAIN: (0)
CITY OF ROHNERT PARK
ide �4(44
Carl Leivo, City Manager
Sandra M. Lipitz,'Firiahce Director
Barbara Galaudet, Payroll Specialist