CC Resolution No. 01-186RESOLUTION NO. 01-186
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTiNO
RESCINDiNG RESOLUTION NO. 01-011 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. 01-011 and appoints Carol Atwood City Treasurer and Carol
Ferrell Deputy Treasurer effective August 20, 2001; 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 20t~ day of August, 2001, by the following vote:
Vote
Members of the City Council
AYES: Burnett, Chang, James, Lowenthal
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
APPROVED:
-Mayor, City oi' C~intJ