HomeMy WebLinkAboutCC 01-10-22-01 Certificate of Deposit Authorization 2022 ResolutionSPONSORS: Councilors Rider, Aasen,
Campbell, Finkam and Worrell
This Resolution was prepared by Jon A. Oberlander, Interim Corporation Counsel, on 12/27/2021 at 2:53 p.m. No subsequent revision to this
Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
RESOLUTION NO. CC 01-10-22-01
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 01-10-22-01
Page One of Two Pages
DocuSign Envelope ID: AF78A110-AC00-44AF-8A55-C3F0D5F596A9
SPONSORS: Councilors Rider, Aasen,
Campbell, Finkam and Worrell
This Resolution was prepared by Jon A. Oberlander, Interim Corporation Counsel, on 12/27/2021 at 2:53 p.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
________, 2022, by a vote of _____ ayes and _____ nays.
COMMON COUNCIL FOR THE CITY OF CARMEL
___________________________________
Kevin D. Rider, President Jeff Worrell, Vice-President
___________________________________ ____________________________________
Sue Finkam Laura Campbell
___________________________________ ____________________________________
H. Bruce Kimball 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
_________________________ 2022, at _______ __.M.
____________________________________
Sue Wolfgang, Clerk
Approved by me, Mayor of the City of Carmel, Indiana, this _____ day of
________________________ 2022, at _______ __.M.
____________________________________
James Brainard, Mayor
ATTEST:
___________________________________
Sue Wolfgang, Clerk
Ordinance CC 01-10-22-01
Page Two of Two Pages
DocuSign Envelope ID: AF78A110-AC00-44AF-8A55-C3F0D5F596A9
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