HomeMy WebLinkAboutResolution_18-07/08_12/13/2007RESOLUTION NO. 18-07/08
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM
BEACH COUNTY, FLORIDA, AUTHORIZING THE VILLAGE MANAGER TO INITIATE THE
OPENING OF ACCOUNTS WITH LOCAL BANKS AS NEEDED IN THE BEST INTEREST OF
THE VILLAGE OF TEQUESTA
Whereas, the current status of the Village's investments with the Local Government
Investment Pool (LGIP) with the State Board of Administration has resulted in the Village
drawing down additional cash formerly held with the SBA into an account with one bank; and
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 16-07/08 authorizing the Village Manager to proceed on
behalf of the Village, is hereby approved .
Section 2 This Resolution shall become effective immediately upon passage.
The foregoing Resolution was offered by Council Member Amero who moved its
adoption. The motion was seconded by Vice-Mayor Watkins and upon being put to a vote,
the vote was as follows:
For Adoption Against Adoption
Mayor Jim Humpage X
Vice-Mayor Pat Watkins X
Council Member Dan Amero X
Council Member Tom Paterno X
Council Member Calvin Turnquest X
The Mayor thereupon declared the Resolution duly passed and adopted this 13th day of
December, 2007.
MAYOR OF TESTA
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ATTEST:
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Lori McWilliams, CMC
Village Clerk
Humpage
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