CC Resolution No. 04-255RESOLUTION NO. 04-255
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
RESCINDING RESOLUTION NO. 03-031 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. 03-031 and appoints Carol Atwood City Treasurer and Carol
Augustine Deputy Treasurer effective February 2, 2004; 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 2004 by the following vote:
Vote
Members of the City Council
AYES: James, Kwok, Lowenthal, Wang
NOES: None
AB SENT: Sandoval
ABSTAIN: None
APPROVED:
ATTEST: