HomeMy Public PortalAbout2010.051 (03-16-10)RESOLUTION NO. 2010.051 ,
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING
THE PUBLICATION OF NOTICE OF UNCLAIMED FUNDS, AND TRANSFER OF
UNCLAIMED DEPOS(TS TO THE GENERAL FUND
WHEREAS, the City wishes to adhere to established policies and procedures
pursuant to the administration, possession and transfer of unclaimed deposits; and .
WHEREAS, the City shall follow Government Code sections 50050 et se~c.. to
notify all interested persons of the existence of the unclaimed funds, where required,
follow the procedures for such notices, return of the funds where appropriate verification
is provided, or transfer unclaimed funds to the City's Fund related to unclaimed
deposits; and .
WHEREAS, .the Department of Finance & Administration shall review the nature
and duration of these deposits each year end.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1. That the City is authorized to possess unclaimed deposits consistent
with the procedures under Government Code sections 50050 et seq., designates the
Finance Department as responsible for administering these deposits, and directs the
transfer of the unclaimed deposits to the undesignated General Fund balance.
Section 2. The City Council of the City of Lynwood hereby;authorizes the City
Manager or his designee to implement all financial .tr;ansactions as approved ~fn. this
Resolution. ~ `' ~
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PASSED, APPROVED and ADOPTED this' 16th day of March, 2010.
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Mar'ia T Santillan, Mayor
ATTEST:
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Maria Quinonez, City Glerk
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Roger Haley, ' y Manager
APPROVED A T FORM:
Fred alante, City Attorney
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
APPROVED AS TO CONTENT:
Robert Torrez, ' ant City Manager
-Admin. & Community Serviees
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the
foregoing Resolution was passed and adopted by the City Council of the City of
Lynwood at a regular meeting held on the 16t" day of March, 2010.
AYES: COUNCIL MEMBERS MORTON, RODRIGUEZ, CASTRO, AN'D
SANTILLAN
NOES: NONE
ABSENT: COUNCIL MEMBER FLORES
ABSTAIN: NONE
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Maria Quinonez, City Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and the Clerk of the City
Council of said City, do hereby certify that the above foregoing is a fuil, true and correct
copy of Resolution .No. 2010.051 on file in my office and that said Resolution was
adopted on the date and by the vote therein stated. Dated this 16t~ day of March, 2010.
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Maria Quinonez, City Clerk '