HomeMy WebLinkAbout7453_CCv0001.pdf RESOLUTION NO. 7453
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
DELEGATING INVESTMENT AUTHORITY TO THE CITY TREASURER
PURSUANT TO GOVERNMENT CODE SECTION 53607
WHEREAS, Government Code section 53607 authorizes the City Council to delegate the
duties of investing or reinvesting funds of the City, or to sell or exchange securities so purchased, to
the City Treasurer for a period not exceeding one year; and
WHEREAS,it is the desire of the City Council to delegate investment authority of City funds
to the City Treasurer;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
REDLANDS AS FOLLOWS:
Section 1. That the City Treasurer is hereby delegated the authority to invest, or reinvest
funds of the City, or to sell or exchange securities so purchased, for the period commencing on
September 16, 2014 through September 15, 2015, pursuant to Government Code Section 53607.
Section 2. That the City Treasurer shall prepare a monthly report to the City Council of all
transactions subject to this Resolution, as required by Govenunent Code Section 53607.
ADOPTED, SIGNED AND APPROVED this 16th day of September, 2014.
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Pete Aguilar, Mayor
ATTEST:
Sain Irwin, ity Clerk
VcclerkOResolut amslRes 7400-7499\Reso 7453.doc
I, Sam Irwin, City Clerk of the City of Redlands, hereby certify that the foregoing Resolution was
duly adopted by the City Council at a regular meeting thereof held on the 16th day of September
2014, by the following vote:
AYES: Councihnei<nbers Harrison, Foster, Gardner, Gilbreath; Mayor Aguilar
NOES: None
ABSTAIN: None
ABSENT: None
Sam Irwin, City Clerk
1Acc1erk Resolutions\Res 7400-74991Reso 7453.doc