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ORD 268— ORDINANCE NO. 268 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, AMENDING SECTION 2.70.010(B) OF THE LA QUINTA MUNICIPAL CODE RELATING TO THE INVESTMENT ADVISORY BOARD THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, DOES HEREBY ORDAIN AS FOLLOWS: SECTION I. That Title 2, Chapter 2.70, Section 2.70.010(B) of the La Quinta Municipal Code is hereby amended to read as follows: "The investment advisory board (the "board") is a standing board composed of seven members from the public that are appointed by city council. La Quinta residency is preferred, but not a requirement for board members. Recruitment for members may be advertised outside of the city". SECTION II. EFFECTIVE DATE: This Ordinance shall be in full force and effect thirty (30) days after its adoption. SECTION III. POSTING: The City Clerk shall within fifteen (15) days after passage of this Ordinance, cause it to be posted in at least three (3) public places designated by resolution of the City Council; shall certify to the adoption and posting of this Ordinance; and shall cause this Ordinance and its certification, together with proof of posting to be entered into the Book of Ordinances of the City of La Quinta. PASSED, APPROVED AND ADOPTED this 5TH day of July, 1995 by the following vote: AYES: Council Members Bangerter, Cathcart, Perkins, Sniff, Mayor Pena NOES: None ABSTAIN: None ABSENT: None JOHN J. ENA, ayor City of La Quinta, California ORDINANCE NO. 268 PAGE 2 AT EST: SAUNDRA L. JUHOLA, City Clerk City of La Quinta, California APPROVED AS TO FORM: DAWN HONEYWELL, City Attorney City of La Quinta, California STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE) ss. CITY OF LA QUINTA ) I, SAUNDRA L. JUHOLA, City Clerk of the City of La Quinta, California, do hereby certify the foregoing to be a full, true and correct copy of Ordinance No. 268 which was introduced on the 20th day of June, 1995 and was adopted at a regular meeting held on the 5th day of July, 1995 not being less than 5 days after date of introduction thereof. I further certify that the foregoing ordinance was posted in three (3) places within the City of La h inta as specified in a resolution of the City Council. UNtD L. LA, City Clerk City of La Quinta, California DECLARATION OF POSTING I, SAUUNDRA L. JUHOLA, City Clerk of the City of La Quinta, California, do hereby certify th t tl* foregoing ordinance was posted on July 27, 1995 pursuant to City Council Resolution. SAUNDRA L. JUHOf-A, City Clerk City of La Quinta, California