R19-018 1 RESOLUTION NO. R19-018
2 A RESOLUTION OF THE CITY OF BOYNTON BEACH,FLORIDA
3 AUTHORIZING THE MAYOR TO EXECUTE DOCUMENTS OR
4 PROVIDE TAX IDENTIFICATION INFORMATION IN
5 CONJUNCTION WITH THE ACQUISITION OF ISRAEL BONDS
6 AS PART OF THE CITY'S INVESTMENT PORTFOLIO; AND
7 PROVIDING FOR AN EFFECTIVE DATE.
8
9 WHEREAS, the City is in the process of acquiring Israel Bonds as part of the City's
10 investment portfolio; and
11 WHEREAS, as a condition of opening a new account, the identity and verification of
12 new customers is required by Israel Bonds to comply with US Treasury customer due diligence
13 rules.
14 NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSIONOF
15 THE CITY OF BOYNTON BEACH, FLORIDA,THAT:
16 Section 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as
17 being true and correct and are hereby made a specific part of this Resolution upon adoption.
18 Section 2. The City Commission hereby directs and authorizes the Mayor to
19 execute documents or provide tax identification information in conjunction with the acquisition
20 of Israel Bonds as part of the City's investment portfolio.
21 Section 3. That this Resolution shall become effective immediately.
22 PASSED AND ADOPTED this /y' day of februivi1 , 2019.
23 CITY OF BOYNTON BEACH, FLORIDA
24 YES NO
25 Mayor—Steven B. Grant
26
27 Vice Mayor—Christina L. Romelus
28
29 Commissioner—Mack McCray
30
31 Commissioner—Justin Katz
32
33 Commissioner—Aimee Kelley
34
35 QYNrD VOTE
36 ATTEST: (4aeft •
37 A 38 L .
,/1a . n
✓ :
✓ 1920
39 Judi A. Pyle, CMC s ;
•
40 City Clerk •
41 (Corporate Seal)
L
"� ORID
4