GLOUCESTER TOWNSHIP COUNCIL MEETING JANUARY 2, 2013 ...

UNDER THE OPEN PUBLIC MEETINGS ACT.WHEREAS, Section 3d of the Open Public Meetings Act, Chapter 231, P.L. 1975requires that certain notice of meetings be submitted to two (2) newspapers, one of which shallbe the official newspaper; andWHEREAS, the second newspaper designated by this body must be one which has thegreatest likelihood of informing the public with the jurisdictional boundaries of the body of suchmeeting;NOW, THEREFORE, BE IT RESOLVED by the Township Council of the Townshipof Gloucester, in the County of Camden, State of New Jersey, that the following are herebydesignated as official newspapers and for the aforesaid purposes;The Courier PostThe Record BreezeThe Philadelphia InquirerIt is the opinion of this body that the Courier Post, The Record Breeze, and the Inquirerhave the greatest likelihood of informing the public within the jurisdictional area of this body ofsuch meetings.Adopted: January 2, 2013___________________________________PRESIDENT OF COUNCILATTEST:______________________________________TOWNSHIP CLERKMr. Hutchison made a motion to adopt, seconded by Mrs. Trotto. Roll call vote: All in favor.Motion carried. 6-0.R-13:01-023 RESOLUTION OF THE TOWNSHIP COUNCIL OF THE TOWNSHIP OFGLOUCESTER ADOPTING A CASH MANAGEMENT PLANWHEREAS, N.J.S.A. 40A: 5-14 requires every municipality to adopt a CashManagement Plan on an annual basis;NOW, THEREFORE, BE IT RESOLVED by the Mayor and Township Council of theTownship of Gloucester, County of Gloucester, State of New Jersey, that the followingrequirements be a part of the 2013 Cash Management Plan, and be adhered to:I. Cash Management and Investment ObjectivesA. Preservation of capital;B. Adequate safekeeping of assets;C. Maintenance of liquidity to meet operating needs;D. Diversification of the Borough’s portfolio to minimize risks associated withindividual investments.II. Designation of Official DepositoriesA. The following banks are hereby designated as legal depositories for all municipalfunds:1. Citizens Bank2. Columbia Savings Bank3. Bank of America4. Beneficial Bank