HomeMy WebLinkAboutR-1985-021 77
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j RESOLUTION NO. 21-85
A RESOLUTION OF THE CITY OF DANIA, FLORIDA,
AUTHORIZING THE CITY CLERK-AUDITOR TO IN-
VEST AND WITHDRAW CITY FUNDS IN AND FROM THE
STATE POOL ADMINISTERED BY THE STATE BOARD
OF ADMINISTRATION, AND TO TAKE ANY OTHER
APPROPRIATE ACTION RELATING THERETO AS RE-
QUIRED BY SAID BOARD ; AND PROVIDING THAT ALL
RESOLUTIONS OR PARTS OF RESOLUTIONS IN CON-
FLICT HEREWITH BE REPEALED TO THE EXTENT OF
SUCH CONFLICT ; AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS , the City of Dania from time to time has funds on hand
in excess of current needs ; and
WHEREAS , it is in the best interest of the City of Dania and
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its inhabitants that funds be invested to return the highest yield
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consistent with proper safeguards .
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NOW, THEREFORE , BE IT RESOLVED BY THE CITY COMMISSION OF THE
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CITY OF DANIA, FLORIDA:
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Section 1. That the City Clerk-Auditor be, and she is hereby
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authorized to transmit such funds to the State Board of Administration
to be invested according to applicable laws of the State of Florida
I consistent with the needs of the City of Dania and to take any other
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necessary action relating thereto. Such authorization includes
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authority to withdraw funds from the State Board of Administration
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by giving timely notice and confirmation by letter.
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5•../' Section 2 . That this authorization shall be continuing in nature
until revoked by action of the City Commission of the City of Dania.
Section 3. That all resolutions or parts of resolutions in con-
flict herewith be and the same are hereby repealed to the extent of
such conflict.
Section 4. That this resolution shall be in force and take
effect immediately upon its passage and adoption.
PASSED and ADOPTED on this 9th day of July 1985 .
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ATTEST: R - COMMISSIONER
C TY CLERK - AUDITOR
APPROVED FOR FORM AND CORRECTNESS
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By,o. � Gam/
FRANK C. ADLER, City Attorney
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