HomeMy Public PortalAbout2006.006 - LII (03-21-06)RESOLUTION NO. 2006 0013
A RESOLUTION OF THE LYNWOOD INFORMATION INC OF THE CITY OF
LYNWOOD APPROVING THE TREASURER'S STATEMENT OF INVESTMENT
POLICY
WHEREAS, the Treasurer is responsible for the Lynwood Information Inc.'s cash
,flow whereby funds are transferred from various accounts to meet operating obligations,
and
WHEREAS, the Treasurer is also responsible for the investment of idle cash, and
WHEREAS, the Treasurer has prepared guidelines fora prudent investment
policy; and
WHEREAS, the policy contains certain investment criteria, and
WHEREAS, the basic premise of the policy is to ensure the safety of funds and
assure that the Lynwood Information Inc.'s cash needs are met.
NOW, THEREFORE, the Lynwood Information Inc. does hereby find, proclaim,
order and resolve as follows
Section 1 That the Treasurer's Statement of Investment Policy is hereby
approved
Section 2 . This resolution shall go into effect immediately upon its adoption
PASSED, APPROVED and ADOPTED this 21st day of March 2006
A VASQUEZ, CHAIR
ATTEST
APPROVED AS TO CONTENT
(k-& / -A,�
Andrea Hooper, City Clerk N Enn e ffartinez, Manager
APPROVED AS TO FORM:
01-c--�& l -'
Ar oldo Beltran, City Attorney
i
STATE OF CALIFORNIA )
) SS
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify
that the above and foregoing Resolution was duly adopted by the City Council of
the City of Lynwood at a regular meeting held in the City Hall of said City or) the
21st day of March , 2006 and passed by
the following vote
AYES: COUNCILMEN BYRD, JOHNSON, PEDROZA AND; "SANTILLAN
NOES- NONE
ABSTAIN: NONE
ABSENT. MAYOR VASQUEZ
A ,/' A ",
Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA )
) SS
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City
Council of said City, do hereby certify that the above and foregoing is a full, true
and correct copy of Resolution No 2006.005 in my office and that said
Resolution was adopted on the date and by the vote therein stated
Dated this 215t day of March 2006
Andrea L. Hooper, City Clerk