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t <br />RESOLUTION NO. 83- 3 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA AUTHORIZING THE <br />FINANCE DEPARTMENT TO OPEN AN ACCOUNT WITH THE STATE <br />BOARD OF ADMINISTRATION AND TO TRANSMIT COUNTY FUNDS <br />TO THE STATE BOARD OF ADMINISTRATION'S INVESTMENT <br />POOL. <br />WHEREAS, Indian River County from time to time has funds <br />on ':and in .=...coo of currenL needs, and <br />WHEREAS, it is in the best interest of the citizens of <br />Indian River County that funds be invested in such a manner as to <br />yield the highest return possible consistent with proper safe- <br />guards for the handling of governmental funds. <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />1. That the Finance Director of Indian River County, <br />Jeffrey Barton, is hereby authorized to transmit such funds to the <br />State Board of Administration to be invested according to appli- <br />cable laws of. the State of Florida consistent with the needs of <br />Indian River County. Furthermore, the Finance Director is author- <br />ized to withdraw funds from the State Board of Administration in <br />the name of Indian River County by giving timely notice together <br />with confirmation by letter executed by the Finance Director and <br />County Administrator, Michael Wright. <br />2. That this authorization shall be continuing in <br />nature until revoked by the Indian River County Board of County <br />Commissioners. <br />The foregoing resolution was offered by Commissioner <br />Scurlock who moved its adoption. The motion was seconded <br />by Commissioner Lyons and, upon being put to a vote, the <br />vote was as follows: <br />Chairman Richard N. Bird Aye <br />Vice -Chairman Don C. Scurlock, Jr. Aye <br />Commissioner A. Grover Fletcher Aye <br />Commissioner Patrick B. Lyons Aye <br />Commissioner William C. Wodtke, Jr. Aye <br />The Chairman thereupon declared the resolution duly <br />-1- <br />