CC Resolution No. 03-031RESOLUTION NO. 03-031
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
RESCINDING RESOLUTION NO. 02-014 AND APPOINTING TREASUR[iR
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. 01-011 and appoints Carol Atwood City Treasurer and Carol
Ferrell Deputy Treasurer effective February 18, 2003; 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
Cupertino this 18th day of February 2003 by the following vote:
Vote
Members of the City Council
AYES: Chang, James, Kwok, Sandoval
NOES: None
ABSENT: Lowenthal
ABSTAIN: None
ROVED: /~ ,/3
Mayor, City of Cupertino
ATTEST: