HomeMy WebLinkAbout2007 CC RESO 2007-193 CDCRESOLUTION NO. 2007 — 193
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 2007-2008
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") hereby finds 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 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 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
Brad Raulston, CDC Executive Director
Leslie A. Deese, Assistant City Manager
Jeanette Ladrido, Finance Director
PASSED and ADOPTED this 7th of August, 20
on on, Chairman
A41 APPROVED AS TO FORM: — .1 Mt -Pr. -Secretary
George H. iser, III act -
Legal Counsel
Passed and adopted by the Community Development Commission of the City of
National City, Califomia, on August 7, 2007, by the following vote, to -wit:
Ayes: Commissioners Morrison, Natividad, Parra, Ungab.
Nays: None.
Absent: Commissioner Zarate.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Development Commission
Secretary, evelopment Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2007-193 of the Community Development Commission of the City
of National City, California, passed and adopted on August 7, 2007.
Secretary, Community Development Commission
By:
Deputy