CC Resolution No. 8638
RESOLUTION NO. 8638
A RESOLUTION OF 1HE OlY COUNCIL OF 1HE
OlY OF CUPERTINO RESCINDING RESOLUTIONS
7252 AND 7311 AND APPOINTING TREASURER
AND DEPUTY TREASURER
WHEREAS, the City has available funds to invest in accordance with principles of
sound treasury management; and
WHEREAS, the City invests funds in accordance with provisions of California
Government Code Section 53600 ; and
WHEREAS, the City annually adopts an investment policy;
lHEREFORE, BE IT RESOLVED, that the City Council of the City of Cupertino hereby
rescinds Resolutions 7252 and 7311 and appoints Blaine Snyder City Treasurer and Lois
Thornton Deputy Treasurer; and
BE IT FURTHER RESOLVED that the City Treasurer is empowered and specifically
authorized to invest and reinvest City funds in accordance with California Government Code
Section 53600; to buy, sell, trade and deal in authorized securities on margin or otherwise in
connection therewith and to pledge any and all securities for future delivery thereof.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 20th day of ADril ,1992, by the following vote:
Vote Members of the City Council
AYES: Dean, Goldman, Koppel, Szabo, Sorensen
NOES: None
ABSENT: None
ABSTAIN None
ATTEST: APPROVED:
/s/ Dorothy Cornelius
City Clerk
/s/ Lauralee Sorensen
Mayor, City of Cupertino