HomeMy WebLinkAboutCC-02-03-20-01 Certificates of Deposit SPONSOR(S): Councilors Aasen, Kimball
and Worrell
RESOLUTION NO. CC 02-03-20-01
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL,INDIANA,
AUTHORIZING THE INVESTMENT OF PUBLIC FUNDS PURSUANT TO IC 5-13-9-5
Synopsis: This resolution authorizes the solicitation of quotes for,and investment in,certificates of
deposit.
WHEREAS, Indiana Code § 5-13-9-5 empowers the fiscal body of the City of Carmel, Indiana, to
authorize by resolution the City's investing officer to solicit quotes for certificates of deposit from, and to
invest in certificates of deposit of, depositories that have not been designated by the local board of fmance
but have been designated by the state board of finance as a depository for state deposits; and
WHEREAS, it is in the public interest to now authorize such solicitation and investment.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel,
Indiana, that:
Section 1. The foregoing Recitals are incorporated herein by this reference.
Section 2. The City's investing officer is hereby authorized to solicit quotes for certificates of
deposit from depositories that have not been designated by the local board of fmance, but have been
designated by the state board of fmance as a depository for state deposits.
Section 3. The City's investing officer is hereby authorized to invest in certificates of deposit of
depositories that have not been designated by the local board of finance, but have been designated by the
state board of fmance as a depository for state deposits.
Section 4. The City's investing officer shall solicit and invest in certificates of deposit pursuant
to the authority granted herein by following the procedures set forth in Indiana Code § 5-13-9-5, as the
same may be amended from time to time.
Section 5. This Resolution shall take effect on the date of its passage by the Common Council.
Section 6. This Resolution, and the authority granted herein, shall expire on the date that is one
(1)year from the date on which this Resolution takes effect.
Resolution CC 02-03-20-01
Page One of Two Pages
This Resolution was prepared by Jon A.Oberlander,Carmel Assistant Corporation Counsel,on 1/21/19 at 8:46 am.No subsequent revision
to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or otherwise.
SPONSOR(S): Councilors Aasen, Kimball
and Worrell
cA
kiSO RESOLVED, by the Common Council of the City of Carmel, Indiana, this ' day of, 2020,by a vote of °k ayes and 0 nays.
COMMON COUNCIL FOR T.11 CITY OF CARMEL
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Laura D. Campbell, President S 11#4 . , -Presid t
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H. Bruce ' ball Kevin D. Rider
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Anthony Gr Je ' iri
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Tim Hannon Miles Ne sotplip
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Adam asen
ATTEST:
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Sue Wolfgang, lerk
Presented by me to the Mayor of the City of Cannel, Indiana this Lday of
4-P1A ust r Ll 2020, at 8 a 1 P M.
Sue Wolfgang, erk //t07
(, Approved by me, Mayor of the City of Cannel, Indiana,this I'll day of
1�br 2020, at (i 13d ft.M.
J es Brainard, Mayorii,7ZSi:6()0,_e
�Wolfgang,
Sue C
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Ordinance CC 02-03-20-01
Page One of Two Pages
This Resolution was prepared by Jon A.Oberlander,Carmel Assistant Corporation Counsel,on 1/21/19 at 8:46 a.m.No subsequent revision
to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or otherwise.