HomeMy WebLinkAboutCC Res 5481 2006-07-24
RESOLUTION NUMBER 5481
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEAL BEACH AUTHORIZING INVESTMENT OF MONIES IN
THE LOCAL AGENCY INVESTMENT FUND AND
SUPERSEDING RESOLUTION NUMBER 5163.
I
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 Treasury for the deposit of money of a local agency for purposes of investment
by the State Treasurer; and
WHEREAS, the City Council of the City of Seal Beach 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 as in the best interests of the City of Seal Beach.
NOW THEREFORE, BE IT RESOLVED, that the City Council of Seal Beach does
hereby authorize the deposit and withdrawal of the City of Seal Beach 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 provided in
that regard.
BE IT FURTHER RESOLVED, that the following City of Seal Beach officers or their
successors in office shall be authorized to order the deposit or withdrawal of monies in
the Local Agency Investment Fund:
I
Keith A. Evanoff
Director of Administrative
Servic slTreasurer
Teresa Gonzalez
Administrative Services
Manager
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PASSED, APPROVED AND ADOPTED by the City Council at ity of Seal Beach
at a meeting thereof held on the 24th day of Julv , 200 Y the folIowing vote:
AYES: councilMemberOn-t:&o/~~' ~ ~
NOES: Council Members ~
ABSTAIN: Council Members ~
,..-.b4'1v 1_Ml?V\.
Mayor
I
A TTES-:: C .
~4 &.; }PJliIJ1/
i a Devine, City Clerk
ST ATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Linda Devine, City Clerk of the City of Seal Beach, California, do hereby certify that
the foregoing resolution is the original copy of the Resolution Number 5481 on file
in the office of the City Clerk passed, approved and adopted by the City Council of the
CitX f Seal Beac as a regular meeting thereof held on the 24th day of Julv ,2006.