Res 1006 - Lmtd Pwr Atty Clevel
COUNCIL BILL NO. 1236
RESOLUTION NO. 1006
A RESOLUTION AUTHORIZING A LIMITED POWER OF ATTORNEY TO PAY FOR CLEVELAND
STREET ROAD IMPROVEMENTS.
WHEREAS, the City Council formed a local improvement district
to finance the improvement of Cleveland Street; and
and
WHEREAS, assessments have been levied to finance said improvement;
WHEREAS, matching funds have also been obtained from the state
and federal governments, and
WHEREAS, the City's share of the Cleveland Street project must
now be deposited with the state, and
WHEREAS, depositing the City's share in the Local Government
Investment Pool will enable interest to be accrued on said funds to the
benefit of the City, NOW, THEREFORE,
THE CITY OF WOODBURN RESOLVES AS FOLLOWS:
Section I. That the sum of $300,000 is to be deposited in account
number 5448 of the State of Oregon Investment Pool for the purpose of
creating a fund from which to pay the City's share of the cost of certain
road improvements to be made in connection with Cleveland Street.
Section 2. That the irrevocable limited power of attorney,
which is attached hereto and by this reference incorporated herein, is
hereby authorized by the City of Woodburn.
APPROVED AS TO
FORI'l?l~
City Attorney
(1-1 D
Date
APPROVED; ~~ \.., ~~. --'
For: N C . K , MA ~
Passed by the Council
July 23, 1990
Submitted to the Mayor (Council President)
July 24, 1990
Approved by the Mayor (Council President)
July 24, 1990
ATTEST:
Filed in the Office of the Mayor
+
Mary enn t, Deputy Recorder
City of Woodburn, Oregon
July 24, 1990
iP'alg:e 1 COUNCIL BILL NO. 1236
RESOLUTION NO. 1006
1 "
. ,
IRREVOCABLE
LIMITED POWER OF ATTORNEY
LOCAL GOVERNMENT INVESTMENT POOL
The CITY OF WOODBURN, OREGON hereby appoints the
Local Government Unit
Investment Manager of the Oregon State Excess Fund, as attorney in fact for it and
said officer shall have the power of attorney to negotiate warrants made payable to
the Oregon State Department of Transportation, Highway Division, and delivered to
said officer by either Donald E. Forbes, State Highway Engineer; Douglass R.
Goldbach, Highway Division Controller; Richard J.Hacek, Assistant Controller;
Kathleen A. Grabski, Processing Supervisor; for the State of Oregon, for the purpose of
depositing the proceeds of such warrants to the account of the Oregon State
Department of Transportation, Highway Division, with the State Treasurer.
The C!TY OF WOODBURN. ORFGON has deposited with
Local Government Unit
the State of Oregon Investment Pool the sum of $300,000.00in Account No. 5448
The purpose of this deposit is to create a fund from which to pay its share of
the cost of certain improvements to be made in connection with
Project Name
CITY OF WOODBURN - ROAD IMPROVEMENT PROJECT (Cleveland Street Improvement)
By this document it authorizes the Highway Division of the State of Oregon,
Department of Transportation to draw on the account created by this instrument for the
purpose above stated with the State Excess Fund. The authorized signatures of
withdrawal will be one of any of the following: Donald E. Forbes, Douglass R.
Goldbach, Richard J. Hacek, Kathleen A. Grabski. The signature of either upon a
voucher in a form acceptable to the custodians of the State Investment Pool shall
constitute proper authority for the withdrawal of money up to the total amount of the
deposit identified above. .
The authorized signatures of the above individuals shall be furnished by
the Highway Division of the Department of Transportation to the State Treasury
Department.
this 23 day of July
., '0'''0'0' ",:"Y~
~~11B_U\} .
council President
This power of attorney was authorized by city of Woodburn, Oregon
1990 Local Government Unit
, f98~ by a vote of the majority of a quorum of
r
J1(ao E.~
Deputy Recorder
KGIPG/cJ<ll..imiwl Power of AIIDf"ey
734.1812.(4.88)
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