HomeMy WebLinkAboutCC RESO 2005 - 138RESOLUTION NO. 2005 — 138
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
AUTHORIZING INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT FUND
FOR FISCAL YEAR 2005-2006
WHEREAS, pursuant to Chapter 730 of the Statutes of 1976,
Section 16429.1 was added to the California Government Code to create a Local
Agency Investment Fund in the State Treasury for the deposit of money of a local
agency for purposes of investment by the State Treasurer; and
WHEREAS, the City Council of the City of National City does hereby find
that the deposit and withdrawal of money in the Local Agency Investment Fund in
accordance with the provisions of Section 16429.1 of the Government Code for the
purpose of investment as stated therein are in the best interests of the City of National
City.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City does hereby authorize the deposit and withdrawal of City monies in the
Local Agency Investment Fund in the State Treasury in accordance with the provisions
of Section 16429.1 of the Government Code for the purpose of investment as stated
therein, and verification by the State Treasurer's Office of all banking information as
provided in that regard.
BE IT FURTHER RESOLVED that the following City officers or their
successors in office shall be authorized to order the deposit and withdrawal of monies in
the Local Agency Investment Fund: / 7
George Hood, City Treasurer
Chris Zapata, City Manager
Lin Wurbs, Assistant City Manager
William Yeomans, Interim Finance Director
ATTEST:
4
PASSED and ADOPTED this 21st of June, 2
Nick Inzunza, Mayor
APPROVED AS TO FORM:
Mic aei Dail-, ! ity Clerk George H. Eiser, III, City Attorney