CC Resolution No. 05-020
RESOLUTION NO. 05-020
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
RESCINDING RESOLUTION NO. 04-255 AND APPOINTING 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. 04-255 and appoints Carol Atwood City Treasurer and will leave
the Deputy Treasurer position vacant (pending position recruitment) effective February I, 2005;
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 there~f.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this I st day of February 2005 by the following vote:
Vote
Members of the Citv Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Kwok, Lowenthal, Sandoval, Wang, James
None
None
None
. ~
Cit~
ATTEST:
Mayor, City of Cupertino