HomeMy WebLinkAboutRESOLUTION NO.06-11-12STATE OF GEORGIA
COUNTY OF FULTON
RESOLUTION NO. 06-11-12
A RESOLUTION AUTHORIZING DEPOSITS INTO THE GEORGIA FUND 1 STATE
INVESTMENT POOL FOR INVESTMENT PURPOSES
The Council of the City of Milton hereby resolves while in special session on the 21" day of
November, 2006 at 4:30 pm.:
WHEREAS, it is necessary from time to time to establish fees for services; and
WHEREAS, Ga. Code Ann. 36-83-1 to -8 (1997) 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 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 (1997) 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
NAM 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 (1997) 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. Any one 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):
Carol R Wolfe City Treasurer City of Milton 770-730-5599, carol.wolfe a-cityofmiltonga.us
Aaron Bovos City Manager City of Milton 770-730-6359 aaron.bovosacityofmiltonga.us
2. All withdrawals from the local government investment pool shall be wired to the following
participant's demand deposit account:
fto Bank of North Georgia City of Milton Concentration Account
(Local Bank Name) (Account Title)
�l�ll '7v�-9 0 X000 ` q13 �a�e G ►�� i�
(ABA Number) (Account Number) (City, State) U u
3. The local government investment pool shall mail the monthly statements of account to:
Carol Wolfe City Treasurer
115 Perimeter Center Place, NE, Suite 785
Atlanta, Georgia 30346
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 address(es) 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:
30% 30 days or less;
30% more than 30 days but less than 90 days;
40% 90 days or longer.
70-+M
Entered at 6ev- 021 _Georgia this day of,__kY -P✓ 20&.
Sworn to
(Signature of H�&d of Governing Authority)
(Please Print or Type - Head of Governing Authority)
Mayor, City of Milton
(Title)
Please complete and return an original copy to:
Georgia Fund 1
Office of Treasury and Fiscal Services
200 Piedmont Avenue
Suite 1202, West Tower
Atlanta, GA 30334-5527
Telephone: (404) 651-8964 or (404) 656-2993
Toll Free: (800) 222-6748
JEANETTE R MAMMAR
Notary Public, FuMn O0..
My Commission Expires MUM
2009