CC - 08-08-77 - Adjourned MeetingAPPROVED
CITY OF ROSEAMIAD
DATI 2,3 - Y7
MINUTES OF THE ADJOURNED MEETING
OF THE ROSEMEAD CITY COUNCIL
AUGUST 8, 1977
The adjourned meeting of the Rosemead City Council was
called to order by Mayor Cichy immediately following the RRA
Meeting was adjourned at 8:26 p. m., in the Conference Room
of the Rosemead City Hall, 8838 E. Valley Blvd., Rosemead,
California.
ROLL CALL OF OFFICERS:
PRESENT: Councilmembers Hunter, Imperial, Taylor, Trujillo
and Mayor Cichy
ABSENT: None
STUDY SESSION ON INVESTMENT OF CITY FUNDS
Ed Dilkes, City Attorney, stated that the ordinance which
is attached is only a draft not a final document and will need
changes. It is primarily constructed to include a Finance
Committee in an advisory capacity only,as the City Treasurer is
legally responsible for making investments.
The City Attorney stated that it was the obligation of the
City Treasurer to receive the highest rate of interest possible
on City's monies.
The City Attorney stated it was•necessary to adopt the
following Resolution in order to invest in the Local Agency
Investment Fund in the State Treasury.
RESOLUTION NO. 77-39
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD AUTHORIZING INVESTMENT OF CITY MONIES
IN LOCAL AGENCY INVESTMENT FUND
MOTION BY COUNCILMAN IMPERIAL, SECONDED BY COUNCILMAN HUNTER.
that Resolution No. 77-39 be adopted and the reading in full be
waived. Vote resulted:
AYES: Council mbers Hunter, Imperial, Trujillo and Mayor
Cichy.
NAYES: Non
ABSTAINED: Councilman Taylor
Whereupon the Mayor declared said motion duly carried and
so ordered.
Mayor Cichy directed the City Attorney to prepare an ordinance
amending Chapter 2 of Article II of the Rosemead Municipal Code as
it relates to the positions of Finance Director, Treasurer and
City Administrator.
i
Mayor Cichy directed that a monthly Treasurer's Report be
prepared and presented to the Council.
Councilwoman Trujillo requested authorization to attend a
Meeting with Governor Brown and Justice Rose Bird in Sacramento.
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MOTION BY COUNCILMAN HUNTER, SECONDED BY '.MAYOR CICHY that
Councilwoman Trujillo be allowed to attend the Meeting in'Sacra-
mento with Governor Brown and Justice Rose Bird. Vote resulted:
UPON ROLL CALL ALL COUNCILMEMBERS PRESENT VOTED AYE.
The Mayor declared said motion duly carried and so ordered.
Frank G. Tripepi, City Manager, requested five days of his
vacation starting tomorrow, August 9th thru August 15th.
MOTION BY COUNCILMAN HUNTER, SECONDED BY TRUJILLO that the
City Manager be allowed to have his vacation request approved.
Vote resulted:
UPON ROLL CALL ALL COUNCILMEMBERS PRESENT VOTED AYE.
The Mayor declared said motion duly carried and so ordered.
Councilman Taylor inquired to the status of the Transit
Survey and the Liability Insurance study.
The City Manager stated that the reports will be available
at the next Council Meeting.
The City Attorney requested that the Council authorize
him to reread the Liability Insurance Contract.
Thiere being no objection, it.was so ordered.
The Council Meeting was adjourned at 9:08 p. m., to the.next
regular Meeting of August 9, 1977 at 8:00 p. m.
Respectfully submitted:
APPROVED:
City Clerk of the ity of Rosemead
Adj.C/M 8-8-77
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