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Prepared by the Clerk-Treasurer Resolution No. 24-01 A RESOLUTION TO APPROVE A CASH MANAGEMENT SERVICES AGREEMENT WHEREAS, the City Investment Policy provides that the Clerk-Treasurer may contract with a public depository for the operation of an Investment Cash Management System consistent with I.C. 5-13-11; and WHEREAS, the Clerk-Treasurer has recommended that the long-term funds of the Wastewater Treatment Utility be invested through an Investment Cash Management System in order to meet the City Investment Policy goals to provide the highest investment return with the maximum security while meeting the cash flow needs of the City and conforming to state statutes governing the investment of public funds; and WHEREAS, the Budget and Finance Committee of the Common Council, in concurrence with the Mayor and Clerk-Treasurer, have recommended that the City enter into a Investment Cash Management Agreement with Fifth Third Bank, Indiana in accordance with the provisions of I.C. 5-13-11; and WHEREAS, the Board of Public Works and Safety has approved the Liquid Asset Management Public Funds Agency Agreements with Fifth Third Bank, Indiana for investment of Wastewater Utility Funds. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF WEST LAFAYETTE that: Section 1 The Liquid Asset Management Public Funds Agency Agreements for Wastewater Utility Funds with Fifth Third Bank, Indiana are approved. Section 2 The Mayor as Presiding Officer of the Common and Council and the Clerk-Treasurer are authorized to sign the agreement documents as is necessary. This resolution shall be in full force and effect from and after its passage and signing by the Mayor.
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