CC Resolution No. 10-021 Appoint Treasurer and Deputy TreasurerRESOLUTIONV NO. 10-021
A RESOLUTION OF THE CITY COUI~ICIL OF THE CITY OF CUPERTINO
RESCINDING RESOLUTION NO. 09-016 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 annually adopts an investment policy;
WHEREAS, the City invests funds in accordance with provisions of California
Government Code Section 53600; and
NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Cupertino
hereby rescinds Resolution No. 09-016 and appoints Carol Atwood City Treasurer and David
Woo as 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 2nd day of February 201 O by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
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City Clerk
Members of the Citv Council
Wang, Wong, Chang, Mahoney, Santoro
None
None
None
APPROVED: