HomeMy WebLinkAboutCC-01-21-21-01 Certificate of Deposit Authorization 2021 ResolutionSPONSOR(S): Councilors Rider,
Nelson and Worrell
This Resolution was prepared by Jon A. Oberlander, Carmel Assistant Corporation Counsel, on 1/8/2021 at 11:45 a.m. No subsequent
revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
RESOLUTION NO. CC 01-21-21-01
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 finance
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 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 finance, but have been
designated by the state board of finance 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 finance 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 01-21-21-01
Page One of Two Pages
DocuSign Envelope ID: 4CFD9938-C801-4239-A83A-9870DC6E5694
SPONSOR(S): Councilors Rider,
Nelson and Worrell
This Resolution was prepared by Jon A. Oberlander, Carmel Assistant Corporation Counsel, on 1/8/2021 at 11:45 a.m. No subsequent
revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
SO RESOLVED, by the Common Council of the City of Carmel, Indiana, this ____ day of
________, 2021, by a vote of _____ ayes and _____ nays.
COMMON COUNCIL FOR THE CITY OF CARMEL
___________________________________
Sue Finkam, President Kevin D. Rider, Vice-President
___________________________________ ____________________________________
Laura Campbell H. Bruce Kimball
___________________________________ ____________________________________
Jeff Worrell Anthony Green
___________________________________ ___________________________________
Adam Aasen Tim Hannon
___________________________________
Miles Nelson
ATTEST:
__________________________________
Sue Wolfgang, Clerk
Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of
_________________________ 2021, at _______ __.M.
____________________________________
Sue Wolfgang, Clerk
Approved by me, Mayor of the City of Carmel, Indiana, this _____ day of
________________________ 2021, at _______ __.M.
____________________________________
James Brainard, Mayor
ATTEST:
___________________________________
Sue Wolfgang, Clerk
Ordinance CC 01-21-21-01
Page Two of Two Pages
DocuSign Envelope ID: 4CFD9938-C801-4239-A83A-9870DC6E5694
Janaury A
Janaury
January
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25th
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9:30
8:30
25th
21st
Not Present
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