HomeMy WebLinkAbout2006 CC RESO 2006-195 CDCRESOLUTION NO. 2006 — 195
RESOLUTION OF THE
COMMUNITY DEVELOPMENT COMMISSION
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 Community Development Commission of the City of National
City (CDC) 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 CDC and
the community.
NOW, THEREFORE, BE IT RESOLVED that the Community Development
Commission of the City of National City does hereby authorize the deposit and withdrawal of
CDC 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 and CDC officers or their
successors in office shall be authorized to order the deposit and withdrawal of monies in the
Local Agency Investment Fund:
Chris Zapata, City Manager
Lin Wurbs, Assistant City Manager
Brad Ralston Executive Director, CDC /',,�l
Maria Teresa E. Limfueco, Finance Director c�yliul+2� nUr u /4 o�_7J,
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PASSED and ADOPTED this 5th day of September, 2006.
Nick Inzunza,Chairman
APPROVED AS TO FORM:
George H. Eiser, III
Legal Counsel
Passed and adopted by the Community Development Commission of National City,
California, on September 5, 2006, by the following vote, to -wit:
Ayes: Councilmembers Inzunza, Morrison, Natividad, Parra, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: NICK INZUNZA
By:
Chairman Community Development Commission
Secretary Community Development Commission
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2006-195 of the Community Development Commission of the City
of National City, California, passed and adopted on September 5, 2006.
Secretary Community Development Commission
By:
Deputy