HomeMy WebLinkAbout1985-122RESOLUTION NO. 85-122
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY,
FLORIDA, AUTHORIZING THE FINANCE DEPART-
MENT TO OPEN AN ACCOUNT WITH THE STATE
BOARD OF ADMINISTRATION AND TO TRANSMIT
COUNTY FUNDS TO THE STATE BOARD OF
ADMINISTRATI.ON'S INVESTMENT POOL.
WHEREAS, Indian River County from time to time has funds on
hand in excess of current needs; and
WHEREAS, it is in the best interest of the citizens of Indian
River County that funds be invested in such a manner as to yield the
highest return possible consistent with proper safeguards for the
handling of government funds,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that:
1. The Finance Director of. Indian River County, Edwin M.
Fry, Jr.., is hereby authorized to transmit such funds to the State
Board of Administration to be invested according to applicable laws
of the State of Florida consistent with the needs of Indian River
County. Furthermore, the Finance Director is authorized to withdraw
funds from the State Board of Administration in the name of Indian
River County by giving timely notice together with confirmation by
letter executed by the Finance Director and County Administrator,
Michael Wright.
2. That this authorization shall be continuing in nature
until revoked by the Indian River County Board of County
Commissioners.
The foregoing resolution was offered by Commissioner
Scurlock who moved its adoption. The motion was seconded
by Commissioner Wodtke and, being put to a vote, the vote
was as follows:
Chairman Patrick B. Lyons
Vice Chairman Don C. Scurlock, Jr.
Commissioner Richard N. Bird
Commissioner William C. Wodtke
Commissioner Margaret C. Bowman
The Chairman thereupon declared the resolution duly passed and
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Resolution No. 85- 122
adopted this 23rd day of October, 1985.
IkU BOA1tD , L'N'i'Y COMMISSION13
INDIA RIV ' t COUNTY, FLORIDA
-'Attest: RY _
'atric ns,
Chairman
Freda �Wri�h--'t�. ;Vre'r`k—
Approved as to form and
legal sufficiency:
By
Bruce Barkett,
Asst. County Attorney
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