96-021 RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER OR
HIS DESIGNEE TO TRANSMIT FUNDS TO THE STATE BOARD
OF ADMINISTRATION FOR INVESTMENT AND TO WITHDRAW
SAID FUNDS AS REQUIRED; PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the City of Aventura from time to time has funds on hand in excess
of current needs, and;
WHEREAS, it is in the best interest of the City of Aventura and its residents
that funds be invested to return the highest yield consistent with proper safeguards.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND THE
MEMBERS OF THE COUNCIL OF THE CITY OF AVENTURA, FLORIDA, AS
FOLLOWS:
1. That the City Manager or hfs designee 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 the City of
Aventura· Such authorization includes authority to withdraw funds from the
State Board of Administration by giving timely notice and appropriate
confirmation.
2. That this authorization shall be continuing in nature until revoked by the City
Council of the City of Aventura·
3. That this Resolution shall become effective immediately upon its adoption·
PASSED AND ADOPTED this 18th dayofJune, 1996,?n a motion offered by
Vice Mayor Rogers-Libert, seconded by ~ ~(~unanimously passed-! S'N
'-'~ARTHUR I YD.,ER, MAYOR
APPROVED AS TO LEGAL SUFFICIENCY:
CI~ A~RNEY
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