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Record of Resolutions
Resolution No.: 2005-04
Passed: Mar. 14, 2005
 RESOLUTION
ESTIMATING AGGREGATE MAXIMUM AMOUNT OF PUBLIC FUNDS TO BE AWARDED AS
INACTIVE DEPOSITS, AND DECLARING AN EMERGENCY
WHEREAS, The contracts with the Village of West
Lafayette for deposits are about to expire; therefore,
BE IT RESOLVED by the Council of the Village of
West Lafayette, State of Ohio:
SECTION I. That the estimated aggregate maximum
amount of public funds subject to the control of the Council of the Village
of West Lafayette to be awarded and be on deposit as inactive deposits is
Twenty-Five Thousand and No/100 Dollars ($25,000.00).
SECTION II. That
applications in the form provided by the Ohio Revised Code Section 135.06,
will be received from eligible institutions until 12:00 noon on the 28th
day of March, 2005, at the Office of the Fiscal Officer of the Village of
West Lafayette, 113 East Railroad Street, West Lafayette, Ohio, 43845, for
the deposit of the inactive funds of the Village of West Lafayette, Ohio, on
which date the applications will be examined and the designation of
depository shall be made by the Council of the Village of West Lafayette in
a meeting at 7:00 p.m. on said date for a period of five (5) years
commencing on the 1st day of April, 2005.
SECTION III. That
such applications may be combined with an applications for designation as a
public depository of active deposits, interim deposits, or both.
SECTION IV. That
this resolution is hereby declared to be an emergency measure for the
immediate preservation of the public peace, welfare, and safety of the
Village of West Lafayette, the emergency being that it is necessary to
authorize a depository as rapidly as possible to provide financial services
for the Village of West Lafayette and in order to comply with statutory time
limits given that the present designation for a depository is about to
expire, and this resolution shall therefore take effect and be in force
immediately upon its passage by Council.
Passed in Council the 14th day of March,
2005.
____________________________________
Jack L. Patterson, Mayor
Attest:
________________________________
Dru A Prater,
Clerk
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