CC Resolution No. 4020
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~ RESOLUTION N0. 4020
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
INSTRUCTING THE WATER FISCAL AGENT TO TRANSFER SURPLUS
FUNDS TO THE CITY TREASURER
WHEREAS, Section 9(h) of City of Cupertino Resolution No. 203 provides
for the transfer of surplus"funds by the Fiscal Agent to the City Treasurer;
and
WHEREAS, ther.e now exists a surplus fund with monies transferable
pursuant to the foregoing;
NOW, THEREFORE, BE IT RESOLVED: That the Fiscal Agent be and is hereby
instructed to transfer all surplus funds as defined in Resolution No. 203
which have not been invested as of September 2, 1975, to the City Treasurer
to meet capital improvement costs of the Water Department for which no adequate
budget has heretofore been provided.
BE IT FURTHER RESOLVED: That the remainder of said surplus funds as of
September 2, 1975,then invested be transferred to the City Treasurer at the
maturity of each of the investment periods.
BE IT FURTHER RESOLVED: That the City Clerk is hereby directed to forward
a certified copy of this Resolution No. 4020 to the Fiscal Agent.
PASSED AND ADOPTED by the City Council of the City of Cupertino, State
of California, this 2nd day of September, 1975 by the following vote:
Vote Members of the City Council
AYES: Meyers, Nellis, Sparks, Jackson
NOES: None
ABSENT: Frolich
ABSTAIN None
ATTEST: APPROVED:
/s/ Wm. E. Ryder /s/ James E. Jackson
City Clerk Mayor, City of Cupertino