HomeMy WebLinkAbout1986-0386/10/86(R-4)LEG(Wk)
RESOLUTION NO. 86- 38
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY,
FLORIDA, AUTHORIZING THE CLERK OF THE
® COURT TO OPEN AN ACCOUNT WITH THE STATE i
BOARD OF ADMINISTRATION AND TO TRANSMIT
COUNTY FUNDS TO THE STATE BOARD OF
ADMINISTRATION'S INVESTMENT POOL.
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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. Freda Wright, Clerk of the Court of Indian River County,
Florida, is hereby designated custodian of County funds and
authorized to transmit such funds to the State Board of
Administration, or invest such funds in such a manner consistent
with the best interests of the citizens of Indian River County and
pursuant to the directions of the Board of County Commissioners.
Furthermore, the Clerk is authorized to withdraw funds from the
State Board of Administration or other investment account in the
name of Indian River County by giving timely notice together with
confirmation by letter executed by the Clerk and the Budget Officer
or other County employee designated by the Board of County
Commissioners.
2. 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
Wodtke who moved its adoption. The motion was seconded
by Commissioner Bird and, being put to r. vote, the vote
was as follows:
Chairman Don C. Scurlock, Jr. Absent
Vice Chairman Patrick B. Lyons Aye
Commissioner Richard N. Bird Aye
Commissioner William C. Wodtke Aye
Commissioner Margaret C. Bowman Aye
The Chairman thereupon declared the resolution duly passed and i
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Resolution No. 86- 38
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adopted this 25th day of June, 1986.
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BOARD
O OUNTY COMMISSIONERS
'`i"ii1r^•: INDIAN
IV COUNTY, F ORIDA
CGS
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�ick
B. Lt "
Vice ChairmEt
Freda Wri tit -'G3 rk
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A ed 4's to orm and
Approved by:
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By
J e P. Wilson
jjs ep aird,OMR Director
sst. County Attorney
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