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Meeting Date 5/17/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Approval of Corporate Resolution for Bank of Amedca as required by G.S. 159-31. <br />Approval of list of brokers to obtain quotes for investment purposes. <br /> <br />BRIEF SUMMARY: <br />At its Apdl meeting, the Board awarded the county's banking contract to Bank of America. <br />Per G.S. 159-31, the Board of Commissioners is required to approve a Corporate <br />Resolution for banking services. That statute also requires Board approval of the <br />Banks/Brokers with which the county places investments. <br /> <br />RE Q U E S T E D AC TI ON: (suggested motion if the Board approves the agenda item as presented) <br />Approve the Corporate Resolution for Bank of America and the list of banks/brokers for <br />County investment purposes. <br /> <br />Attachments [] Yes [] No Expected Length of Presentation $ min <br /> <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 5~4/04 <br /> <br />Budget Amendment Required: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br />Approval is recommended. <br /> <br />Action Taken: <br />Approved [ ] Deferred <br />Denied [ ] Other <br /> <br />Manager's Signature~ '~~i~ <br /> [] <br /> <br />[] <br /> <br /> <br />