HomeMy WebLinkAboutRESOLUTION NO 07-11-64For Customer Use:
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STATE OF GEORGIA
COUNTY OF FULTON
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Res. form 2000A
RESOLUTION NO. 07-11-64
A RESOL UTIONA UTHORIZING DEPOSITS INTO THE GEORGL4 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
r 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):
Chris Lagerbloom, Interim City Manager City of Milton 678.242.2500, chris.lagerbloom@ciiyofmiltonga.us
Stacey Inglis, Finance Manager CH2M Hill 678.242.2500, staceyjng1is@cijyofMi1tonga.us
Jeanette Marchiafava, City Clerk City of Milton 678.242.2500, eanette marchiafavaaa citvofmiltonga us
2. All withdrawals from the local government investment pool shall be wired to the following participant's
demand deposit account:
_Bank of North Georgia City of Milton Depository Account
(Local Bank Name) (Account Title)
261170290 100044262 Alpharetta, Georgia
(ABA Number) (Account Number) (City, State)
3. The local government investment pool shall mail the monthly statements of account to:
Stacey Inglis, Finance Manager
(Attention)
13000 Deerfield Pkwv Suite 107G
(Address)
Milton, GA 30004
(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 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.
Entered at _City of Milton , Georgia this 1st day of November, 2007.
NOTARY SEAL
Sworn to and subscribed
(Signature of Head/of i6overning Authority)
Joe Lockwood
(Please Print or Type - Head of Governing Authority)
Mavor
(Title)
this ISt day of�) 2007.
Please complete and return an original copy to:
Georgia Fund 1
Office of Treasury and Fiscal Services
200 Piedmont Avenue
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
on Co„ GA
August 2s, Zoos
Georgia Fund I (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 of Georgia or any other
agency.
STATE OF GEORGIA
COUNTY OF FULTON
RESOLUTION NO. 06-11-12
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, bisnecessary from time tntime b;establish fees for services; and
WHEREAS,Ga. Code Ann. 36-83-1 to '8 (1997) authorizes Georgia local governments and other
authorized
entities hainvest funds through the local government investment pool, and
WHEREAShnmtirneb>tinnedrnaybeadvantageous b]the City ofK8i|tonhJdepUshfunds available for
rm
invesdendi' Georgia Fund 1 (hereinafter referred b/ 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,
to mnornenah�d by (�a Code 80'83-8 (1897\ under the direction of
investments �nn nem ' � � '
~--- '- ---- - - of the State Deposfirst the probable mahe�' capital and then the probable income
hnhmderived; and
WHEREASsuch deposits �mtbaduk/authorized bythe governing body nfthe local Qove/nnoentor
' ^
authorized entity and a certified copy of the resolution authorizing such investment filed with the Director
i
of the C�ff�eofTreasury and Fmmo|Services; and
#VHEREAS, such resolution must name the official(s) authorized to make deposits orwithdrawals of
funds inthe local government investment pool; and
WHEREAS,Ga. Code Ann. 38-83'8 (1997) requires o statement of the approximate cash flow
requirements
of the participating government pertaining tothe funds to accompany the authorization to
invest such funds atthe time such deposits are duly authorized;
NOW, THEREFORE BE Al[ RESOLVED by t�e Mayor and City Council that funds of the City of Milton
may depombmd�omtinoe to time in the rnmnnerpn:ncribm' by law and the applicable policies and
procedures for the local government investment pool.
BENFFURTHER RESOLVED THAT
1 A�o��t������d�b���e���U���bo��w�r�����m
� 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 TLeasurer, Cj!y, of Milton, 770-730-559 a.us
2. Ail withdrawals from the local government investment pool shall bewired to the following
L11 3 AA&P,if
7 o 2-2 (city: state)
(ABA Number) (Account Number)
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, Geo[ is 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.
C;+rn
Entered at t 1bY (K a Georgia this day of 20&.
(Signature of H d of Governing Authority)
I
(Please Print of Type - Head of Governing Authority)
Mayor, City of Milton
(Title)
'-
Sworn to and subscribed efore rue this l day of Aa -3C -W,--20
V�
LI IS mk.-&
(Notary Public) JEANETTE A MARCHIAFAVA
Notary Public, Fulton CO., GA
Please complete and return an original copy to: my Commission Expires August 29, 2009
Georgia Fund I
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