HomeMy WebLinkAboutRES 2005-48No. 2005-48
A RESOLUTION OF THE CITY COUNCIL OFCITY OF DIAMOND BAR ALLOWING THE WIRE
TRANSFER OF FUNDS AND SETTING LIMIT FOR WIRE TRANSFERS.
WHEREAS, the City of Diamond Bar peri
bank account for debt service payments and
WHEREAS, the City Council of the City of Diarn
management staff to make wire transfers from the
has a need to make wire transfers of funds from the City's
Bar wishes to set limits and authorize designated
,'s bank account;
NOW, THEREFORE BE IT RESOLVED, the City Council of the City of Diamond Bar, does hereby authorize
the City Manager, Assistant City Manager - Admin stration or Finance Director, with secondary approval from
one of the other authorized designated management staff, to wire funds from the City's bank account in
amounts not to exceed $1,000,000 cumulatively for any one business day for the purpose of making debt
service payments or making investments as prescribed in the City's approved Investment Policy;
PASSED, ADOPTED AND APPROVED this
I, LINDA C. LOWRY, City Manager of the City of
Resolution was passed, adopted and approved at a re
Bar held on 2nd day of Aust, 2005, by the f
AYES: COUNCIL MEMBERS: Herrera
1 /Chalii J
NOES: COUNCIL MEMBERS: done
ABSENT: COUNCIL MEMBERS: lioP
ABSTAIN: COUNCIL MEMBERS: none
ATTEST:
day of Au4u,-; , 2005.
Wen Chang,
end Bar, do hereby certify that
meeting of the City Council of
ing vote:
Tanaka, Zarbes, KPT/®'Comair_
LindaLowry, City
City of iamond Bar
omg
of Diamond
X005--48