HomeMy WebLinkAbout43-09 • •
RESOLUTION No. 4 3—0 9
A RESOLUTION OF
THE CITY COUNCIL OF THE TOWN
OF LOS ALTOS HILLS AUTHORIZING
• THE CITY MANAGER TO ESTABLISH
A CHECKING ACCOUNT WITH
COMERICA BANK
WHEREAS, the Comerica Bank is insured by the Federal Depository Insurance
Corporation (FDIC); and
WHEREAS, an Comerica Bank offers an institutional checking account that provides de
minimus interest and unlimited FDIC insurance in compliance with the Town's
investment policy ; and
WHEREAS, a Comerica Bank checking account will serve as the sweep account for
funds used in the CD Placement Program; and
NOW THEREFORE, the City Council of the Town of Los Altos Hills does hereby
resolve that the City Manager is hereby authorized to establish a checking account with
Comerica Bank, N.A.
REGULARLY PASSED AND ADOPTED this 23`h day of Jul , 2009.
BY:
can Warshawsky, ayor
ATTEST:
-
Karen Jost, C'ty Cle k