HomeMy WebLinkAboutCC RESO 2006-109RESOLUTION NO. 2006-109
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
AUTHORIZING INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT FUND
FOR FISCAL YEAR 2006-2007
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:
George Hood, City Treasurer
Chris Zapata, City Manager
Lin Wurbs, Assistant City Manager
Finance Director (Vacant)
PASSED and ADOPTED this 20th day of June, 2006
ATTEST:
Mic ael Da la, ity Clerk
Nick`h�rfun a, ayor
APPROVED AS TO FORM:
e H. iser, III
Cit
y , Attorney
Passed and adopted by the Council of the City of National City, California, on June 20,
2006, by the following vote, to -wit:
Ayes: Councilmembers Inzunza, Morrison, Natividad, Parra, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY:
NICK INZUNZA
Mayor of the City of National City, California
City Clerk of the City of ational City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2006-109 of the City of National City, California, passed and
adopted by the Council of said City on June 20, 2006.
City Clerk of the City of National City, California
By:
Deputy