HomeMy WebLinkAboutResolution 2001-054 N.C.S. 03/12/20011 Resolution No. 200.1-OS°~ N.C.S.
2 of the City of Petaluma, California
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4 AUTHORIZING THE CITY OF PETALUMA TO INVEST
5 SURPLUS FUNDS IN SHARES OF THE
6 CALIFORNIA ASSET MANAGEMENT TRUST
7 AND IN INDIVIDUAL PORTFOLIOS
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11 WHEREAS, the City of Petaluma is a Participant in the California Asset Management Trust
12 (the "Trust") and is authorized to invest bond proceeds in the Trust and in Individual Portfolios
13 managed by the investment Advisor to the Trust. ("Individual Portfolios")' and
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15 WHEREAS, the Trust will now accept surplus funds for investments and the City of
16 Petaluma desires to invest surplus funds in the Trust and in Individual Portfolios;
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18 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Petaluma as
19 follows:
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21 Section. 1. The City of Petaluma is hereby authorized to purchase shares in the Trust from
22 time to time with available surplus funds of the City of Petaluma, and to redeem some or all of those
23 shares from time to time as such proceeds are needed.
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25 Section 2. The City of Petaluma is hereby authorized to invest available surplus funds of the
26 City of Petaluma from time to time in one or more Individual Portfolios.
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28 Section 3. The appropriate officers, agents and employees of the City of Petaluma are hereby
29 authorized and directed in the name and on behalf of the City of Petaluma to take all actions and to
3o made and execute any and all certificates, requisitions, agreements, notices, consents, warrants and
31 other documents, which they, or any of them, might deem necessary or appropriate in order to
32 accomplish the purposes of this Resolution.
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34 Section 4. This Resolution shall take effect ~at the earliest date permitted by law.
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39 Under the power and authority conferred upon this Council by the Charter of said City.
40 REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Council
41 of the City of Petaluma at a Regular meeting on March 12, 2001, Approved as to
42 by the following vote: form:
43 ~7p~
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45 City Attorney
46 AYES: O'Brien, Healy, Moynihan, Vice Mayor Cader-Thompson, Mayor Thompson
47 NOES: None
48 ABSENT: Torliatt, Maguire
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50 ATTEST: ~~$'`a-~-`"-~-k" ~i~- 1",=~^°-~
51 City Cle ~ Mayor
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53 Resolution No. 2001-054 NCS