HomeMy WebLinkAboutResolution No. 1985-30 ems... 1.c a. 4 LILLAILJ17:.M/1. _.'J: _ 3 6.._... - - <..
MICROFILMED AUG 87
RESOLUTION NO. 85-30
A RESOLUTION AUTHORIZING, THE CITY MANAGER, CITY
TREASURER OR FINANCIAL DIRECTOR TO INVEST SURPLUS
CITY FUNDS IN THE STATE BOARD OF ADMINISTRATION,
LOCAL GOVERNMENT SURPLUS FUNDS TRUST FUND;
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Cape Canaveral, from time to time has
funds on hand in excess of current needs; and
WHEREAS, it is in the best interest of the City of Cape
Canaveral and its inhabitants that funds be invested to return the
highest yield consistent with proper safeguards;
`` - NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Cape Canaveral, Florida, as follows :
SECTION 1 . The City Manager, City Treasurer or Financial
*in conjunction with the Mayor.
Director/is hereby authorized to transmit such funds to the State
Board Administration to be invested according to the applicable
laws of the State of Florida consistent with the needs of Cape
Canaveral. Such authorization includes authority to withdraw
funds from the State Board of Administration by giving timely
notice and confirmation by letter.
SECTION 2. That this authorization shall be continuing in
nature until revoked by the City Council.
SECTION 3 . This Resolution shall take effect immediately
upon its adoption.
ADOPTED BY the City Council of the City of Cape Canaveral,
Florida, this 21st day of May , 1985 .
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At
p Mayor
ATTEST:
NAME YES NO '
�� FISCHETTI
,$Q// /...,16Q-14.-- X
MARCHETTI }{
C y Clerk NICHOLAS X
Approved --as ,to` Form: Km„HEKroku X
wrw4t$rEk x`
1
Apr,ttorney
*Amended 5-21-85