HomeMy Public PortalAbout2021.007 - (01-19-21) RESOLUTION NO. 2021.007
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD,
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, APPROVING
THE TREASURER'S STATEMENT OF INVESTMENT POLICY
WHEREAS, the Treasurer is responsible for the City of Lynwood'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 for a 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 City of Lynwood's cash needs are met.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES
HEREBY FIND, PROCLAIM, ORDER, AND RESOLVE AS FOLLOWS:
Section 1. The City Council of the City of Lynwood approves the Treasurer's Statement
of Investment Policy attached hereto as Exhibit "A" is hereby approved.
Section 2. The City Clerk shall certify to the adoption of this resolution and hereafter the
same shall be in full force and effect.
PASSED, APPROVED and ADOPTED this 19th day of January 2021.
Mari`- .an rg ' ayor
ATTEST:
-4K4A 41.4 Ul14441-A. e•
Maria Quinonez Michelle Ramirez
City Clerk Acting City Manager
APPROVED AS TO FORM:
•
Noel Tapia
City Attorney
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STATE OF CALIFORNIA )
) §
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 said City at its
special meeting thereof held in the City Hall of the City on the 19th day of January, 2021
and passed by the following vote:
AYES: COUNCIL MEMBERS FLORES, SOLACHE, SOTO, MAYOR PRO TEM
CASANOVA AND MAYOR SANTANA
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
Maria Quinonez,
City Clerk
STATE OF CALIFORNIA )
) §
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. 2021.007 on file in my office and that said resolution
was adopted on the date and by the vote therein stated. Dated this 19th day of January,
2021.
Maria Quinonez, i
City Clerk
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