HomeMy WebLinkAboutRESOLUTION NO 13 01 248l
For Customer Use:
X Ihave an existing Acc!. # -""23=30"--__
This resolution is for:
___ New Account
l X Change to Existing Acet. # ""'23""'30"--__
STATE OF GEORGIA
COUNTY OF FULTON
For OTFS Use Only:
__~Acct Approved __Auth Entered,
_ __,Audit __Wire Instructions
___Addr Entered __Wire Templates
Approval:
___AD! __AD2
Res. form 2000A
RESOLUTION NO. 13-01-248
A RESOLUTION TO AMEND RESOLUTIONNO. 07-11-14 AUTHORIZING DEPOSITS INTO THE
GEORGIA FUND 1 STATE INVESTMENT POOL FOR INVESTMENT PURPOSES
WHEREAS, Ga. Code Ann. §§36-83-1 to 36-83-8 authorizes Georgia local governments and other authorized
entities to invest funds through the local government investment pool; and
WHEREAS, from time to time it may be advantageous to the City of Milton, Georgia to deposit funds available for
investment in Georgia Fund 1 (hereinafter referred to as the local government investment pool) as it may deem
appropriate; and
WHEREAS, to provide for the safety of such funds deposited in the local government investment pool, investments
are restricted to those enumerated by Ga. Code Ann. §36-83-8 under the direction of the State Depository Board,
considering first the probable safety of capital and then the probable income to be derived; and
WHEREAS, such deposits must first be duly authorized by the governing body of the local government or
authorized entity and a certified copy of the resolution authorizing such investment filed with the Director of the
Office of Treasury and Fiscal Services; and
WHEREAS, such resolution must name the official(s) authorized to make deposits or withdrawals of funds in the
local government investment pool; and
WHEREAS, Ga. Code Ann. §36-83-8 requires a statement of the approximate cash flow requirements of the
participating government pertaining to the funds to accompany the authorization to invest such funds at the time
such deposits are duly authorized;
NOW, THEREFORE BE IT RESOLVED by the Mayor and City Council that funds of the City of Milton may be
deposited from time to time in the manner prescribed by law and the applicable policies and procedures for the local
government investment pool.
BE IT FURTHER RESOLVED THAT:
1. Anyone of the following individuals shall be authorized to deposit and/or withdraw funds from the
local government investment pool on behalf of such government or other authorized entity (if a listed
individual is employed by an entity other than the depositor, indicate employer):
Chris Lagerbloom, City Manager, City ofMilton, 678.242.2500, chris.lagerbloom@cityofmiltonga.us
2.
demand deposit account:
Sun Trust Bank
(Local Bank Name)
Stacey Inglis, Assistant Cjty Manager, City of Milton, 678.242.2508, stacey.inglis@cityofmiltonga.us
Sudie AM Gordon, City Clerk, City ofMilton, 678.242.2522, sudie.gordon@cityofmiltonga.us
All withdrawals from the local government investment pool shall be wired to the following participant's
City of Milton Depository Account
(Account Title)
L
061000104 1000137235791 Alpharetta, Georgia
(ABA Number) (Account Number) (City, State)
3. The local government investment pool shall mail the monthly statements of account to:
Stacey Inglis, Assistant City Manager
(Attention)
13000 Deerfield Pkwy, Suite 107G
(Address)
(City, State & Zip)
4. Changes in the above authorization shall be made by cancellation or replacement resolution delivered to
the Office of Treasury and Fiscal Services. Until such a replacement resolution is received by the
Office of Treasury and Fiscal Services, the above authorized individuals, local government demand
account instructions and statement mailing addressees) shall remain in full force and effect.
5. The following schedule represents the period in which existing balances are currently expected to
remain invested in the local government investment pool:
__----=3'-"-0% 30 days or less;
__---=3--"-0% more than 30 days but less than 90 days;
___4=0% 90 days or longer.
lillL%
Entered at City of Milton, Georgia this 23rd day of January 2013 . "~h
l ///;
(Signature of Head (\f (J~&rning Authority).... Ia
Joe Lockwood
(Please Print or Type -Head of Governing Authority)
Mayor
(Title)
Sworn to and subscribed before me this 2s"l'"day of IjYYkI'I r!J 20 1"5.
?in76P7Lrn
(Notary Public)
Please complete and return an original copy to:
l
Georgia Fund 1
Office ofTreasury and Fiscal Services
200 Piedmont A yen ue
Suite 1204, West Tower
Atlanta, GA 30334-5527
Telephone: (404) 651-8964 or (404) 656-2993
Toll Free: (800) 222-6748
Fax: (404) 656-9048
Georgia Fund 1 (local government investment pool) deposits are not guaranteed or insured by any bank, the
Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, the State ofGeorgia or any other
IIPpnrv.
~.-~-...-... -.~---......-~-.~--~--.. -_._------~~-.......~.----...-.~-.---..-~~....-.---.-~--.---•..---_._.__......._-----