HomeMy WebLinkAboutCC RESO 2018-169RESOLUTION NO. 2018 — 169
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
DESIGNATING THE OFFICIALS AUTHORIZED TO ORDER THE DEPOSIT
AND WITHDRAWAL OF CITY MONIES WITH THE LOCAL AGENCY
INVESTMENT FUND ON BEHALF OF THE CITY OF NATIONAL CITY
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
(LAIF) in the State Treasury for the deposit of money of a local agency for the purpose 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 monies 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 hereby authorizes 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 or withdrawal of monies in the Local Agency
Investment Fund:
Leslie Deese, City Manager
Mark Roberts, Director of Finance
ATTEST:
tV,1(41-(7k-
PASSED and ADOPTED this 18th day of September 2018.
liZ,r,Zat)A Michael R. Dalla, Pi)
Clerk
Ron Morrison, Mayor
APPROVED AS TO FORM:
Angil P. Morris -Jones
City Attorney
By:
icole Pedone
Acting City Attorney
Passed and adopted by the Council of the City of National City, California, on
September 18, 2018 by the following vote, to -wit:
Ayes: Councilmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY:
RON MORRISON
Mayor of the City of National City, California
//
City Jerk of the City oational City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2018-169 of the City of National City, California, passed and
adopted by the Council of said City on September 18, 2018.
City Clerk of the City of National City, California
By:
Deputy