HomeMy WebLinkAboutSurplus Funds' R E Si :0 :L: U T I :0' N
WHEREAS, :the City of Sebastian, Florida, has :surplus
funds in the 'amount of $20.,'000.:00, :and
WHEREAS/ :the City COuncil of the City of Sebastian desires
to invest said surplus :funds in an interest bearing certificate
of depOsit at ~the ~Sebastian River Bank, and
WHEREAS, it is considered in the best public interest to
invest surplus funds at the highest possible' rate of interest;
NOW, THEREFORE, BE IT RESOLVE~ BY THE CITY OF SEBASTIAN,
FLORIDA,. BY ANU THROUGH ITS CITY COUNCIL, as follows:
1. The City of Sebastian shall invest $20.,:000.00 of its
surplus funds :in an interest bearing certificate of deposit at
the Sebastian River Bank of Sebastian, Florida.
2. The Mayor and City Clerk of the City of Sebastian are
hereby authorizsd and directed to execute any and all instruments
which may be required to effect this investment.
ATTESt.- Charlesf S'~ Zi~a~r,~Mayor_
City Clerk
The: foregoing ResolUtion was duly passed and adopted by
the Ci:ty Council of the City of Sebastian, Florida, this J~a~day
City Clerk