HomeMy WebLinkAbout2009 CC RESO 2009-158 CDCRESOLUTION NO. 2009 — 158
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 2009-2010
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 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.
NOW, THEREFORE, BE IT RESOLVED that the Community Development Commission 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 offs or their successors in office shall
be authorized to order the deposit and withdrawal of monies it tfie Lbcal Agency Inve tment Fund:
Chris Zapata, City Manager
Brad Raulston, CDC Executive Director
Leslie A. Deese, Assistant City Manager
Jeanette Ladrido, Finance Director
PASSED and ADOPTED this 2nd day of June, 2009.
on Morrison, Chairman
ATTEST:
Bra n, Secretary
APPROVED AS TO FORM:
George H. Eiser, III
City Attorney
Passed and adopted by the Community Development Commission of the City of
National City, California, on June 16, 2009, by the following vote, to -wit:
Ayes: Commissioners Morrison, Parra, Sotelo-Solis, Van Deventer, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Development Commission
Secre ity Development Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2009-158 of the Community Development Commission of the City
of National City, California, passed and adopted on June 16, 2009.
Secretary, Community Development Commission
By:
Deputy