HomeMy WebLinkAboutResolutionRESOLUTION NO. 2014 —
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
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 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
Stacey Stevenson, Director of Administrative Svc's
Javier Carcamo, Financial Services Officer
PASSED and ADOPTED this 17th day of June, 2014.
Ron Morrison, Mayor
ATTEST: APPROVED AS TO FORM:
Michael R. Dalla, City Clerk Claudia Gacitua Silva
City Attorney