HomeMy WebLinkAbout06. 19-503 SEPTEMBER 10, 2019 19-503 RESOLUTION
(CARRIED 6-0 LOST LAID OVER WITHDRAWN )
PURPOSE: DESIGNATE AUTHORIZED INDIVIDUALS FOR PARTICIPATION
IN THE LOCAL GOVERNMENT INVESTMENT POOL
INITATED BY: CITY ADMINISTRATION
WHEREAS, the State of Wisconsin has created a Local Government Investment
Pool; and
WHEREAS, the City of Oshkosh has determined that it is beneficial for the City
to participate in this program and it is therefore necessary to designate those officials
authorized to transfer funds in relation to the pool.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the City of Oshkosh may participate in the State of Wisconsin's Local
Investment Pool, pursuant to the provisions of Section 25.50 of the Wisconsin Statutes.
BE IT FURTHER RESOLVED that the following officials are hereby designated as
the "Local Official" authorized to transfer funds to or from the Local Government
Investment Pool. The appropriate city staff are hereby directed to promptly notify the
Department of Administration in writing of any changes in the persons holding the
positions which are designated, no modification of this resolution shall be necessary at
such time as notification is made.
Russell Van Gompel/Finance Director/Treasurer
Jennifer Messerschmidt, Assistant Finance Director/Treasurer
BE IT FURTHER RESOLVED that the Local Government Investment Pool is
authorized to accept email requests including facsimile transmissions, for withdrawal of
funds.
BE IT FURTHER RESOLVED that the appropriate city officials are hereby
directed upon adoption to provide a certified copy of this resolution to the State of
Wisconsin Department of Administration, Local Government Investment Pool.