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RESOLUTION NO.R2015- 122 <br /> RESOLUTION APPOINTING CITY TREASURER AND CITY MANAGER <br /> AS AGENTS PURSURANT TO INVESTMENT MANAGEMENT AGENCY <br /> AGREEMENT BETWEEN REGIONS BANK AND CITY OF DECATUR <br /> WHEREAS , the City of Decatur, IL, an Illinois municipal corporation,has certain <br /> monies contained in designated fund accounts of the City of Decatur and for the benefit of the <br /> City of Decatur, and; <br /> WHEREAS, the monies in the above described funds are not necessary for immediate <br /> use by the City of Decatur, and; <br /> WHEREAS, the monies in the above-described funds should be invested in a fiscally <br /> responsible manner. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That the Investment Management Agency Agreement between the City of <br /> Decatur, Illinois and Regions Bank, an Alabama banking corporation attached herewith and <br /> made part hereof be approved by Council. <br /> Section 2. That the City Treasurer and the City Manager are hereby appointed and <br /> directed to act as agents for the City of Decatur,Principal in the attached Agreement. <br /> Section 3. That the investments of excess City funds may be authorized to be <br /> invested only in accordance with the City of Decatur Investment Policy, State of Illinois Public <br /> Funds Investment Act and all other statutes, regulations and rules of federal, state and local law. <br /> PRESENTED AND ADOPTED THIS 2°d day of November, 2015 <br /> " ^ ��-� <br /> � Julie Moore Wolfe, May • <br /> ,. <br /> ATTEST: <br /> �, <br /> �� ' ���tit� �,� <br /> City Clerk " <br />