HomeMy WebLinkAboutCC-02-05-24-01 Certificate of Deposit Authorization 2024SPONSOR(S): Councilors Worrell, Snyder,
Aasen, and Joshi
This Resolution was prepared by Benjamin Legge, Interim Corporation Counsel, on January 24, 2024, at 10:00 a.m. No subsequent revision
to this Resolution has been reviewed by Mr. Legge for legal sufficiency or otherwise.
RESOLUTION NO. CC 02-05-24-01 1
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A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, 3
AUTHORIZING THE INVESTMENT OF PUBLIC FUNDS PURSUANT TO IC 5-13-9-5 4
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Synopsis: This resolution authorizes the solicitation of quotes for, and investment in, certificates of 6
deposit. 7
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WHEREAS, Indiana Code § 5-13-9-5 empowers the fiscal body of the City of Carmel, Indiana, to 9
authorize by resolution the City’s investing officer to solicit quotes for certificates of deposit from, and to 10
invest in certificates of deposit of, depositories that have not been designated by the local board of finance 11
but have been designated by the state board of finance as a depository for state deposits; and 12
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WHEREAS, it is in the public interest to authorize such solicitation and investment. 14
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NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel, 16
Indiana, that: 17
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Section 1. The foregoing Recitals are incorporated herein by this reference. 19
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Section 2. The City’s investing officer is hereby authorized to solicit quotes for certificates of 21
deposit from depositories that have not been designated by the local board of finance, but have been 22
designated by the state board of finance as a depository for state deposits. 23
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Section 3. The City’s investing officer is hereby authorized to invest in certificates of deposit of 25
depositories that have not been designated by the local board of finance, but have been designated by the 26
state board of finance as a depository for state deposits. 27
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Section 4. The City’s investing officer shall solicit and invest in certificates of deposit pursuant 29
to the authority granted herein by following the procedures set forth in Indiana Code § 5-13-9-5, as the 30
same may be amended from time to time. 31
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Section 5. This Resolution shall take effect on the date of its passage by the Common Council. 33
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Section 6. This Resolution, and the authority granted herein, shall expire on the date that is one 35
(1) year from the date on which this Resolution takes effect. 36
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Resolution CC 02-05-24-01 46
Page One of Two Pages 47
DocuSign Envelope ID: D48AA512-D3A0-4068-998C-D6B46211EDD3
SPONSOR(S): Councilors Worrell, Snyder,
Aasen, and Joshi
This Resolution was prepared by Benjamin Legge, Interim Corporation Counsel, on January 24, 2024, at 10:00 a.m. No subsequent revision
to this Resolution has been reviewed by Mr. Legge for legal sufficiency or otherwise.
SO RESOLVED, by the Common Council of the City of Carmel, Indiana, this day of 48
________, 2024, by a vote of _____ ayes and _____ nays. 49
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COMMON COUNCIL FOR THE CITY OF CARMEL 51
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Anthony Green, President Adam Aasen, Vice-President 54
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Jeff Worrell Matt Snyder 57
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______________________________ 59
Rich Taylor Teresa Ayers 60
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Anita Joshi Ryan Locke 63
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______________________________ 65
Shannon Minnaar 66
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ATTEST: 69
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________________________________________________________________ 71
Jacob Quinn, Clerk 72
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Presented by me to the Mayor of the City of Carmel, Indiana this day of 74
_________________________ 2024, at _______ __.M. 75
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______ 78
Jacob Quinn, Clerk 79
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Approved by me, Mayor of the City of Carmel, Indiana, this day of 81
________________________ 2024, at _______ __.M. 82
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Sue Finkam, Mayor 86
ATTEST: 87
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Jacob Quinn, Clerk 91
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Resolution CC 02-05-24-01 93
Page Two of Two Pages 94
DocuSign Envelope ID: D48AA512-D3A0-4068-998C-D6B46211EDD3
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