HomeMy WebLinkAboutCC Res 5163 2003-09-22
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RESOLUTION NOJ/6J
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH
AUTHOIUZING INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND AND SUPERSEDING RESOLUTION NUMBER 5098.
WHEREAS, Pursuant to Chapter 730 of the statutcs of 1976 Section 16429.1 was addcd
to the Calilornia Govcrnment Code to create a Local Agency Investment Fund in thc
State Treasury liJr the deposit of money of a local agency for purposes of investment by
the Statc Trcasury for the dcposit of moncy of a local agency for purposcs of investmcnt
by the State Trcasurer; and
WHEREAS, thc City Council of the City of Seal Beach does hcrcby find that the deposit
and withdrawal of moncy in the Local Agcncy Invcstmcnt Fund in accordance with the
provisions of Scction 16429.1 of thc Govemmcnt Code for the purposc for invcstmcnt as
stated therein as in thc best intcrests of the City of Seal Beach.
NOW THEREFORE, BE IT RESOLVED, that the City Council of Seal Beach does
hereby authorizc thc dcposit and withdrawal of the City of Seal Beach monics in the
Local Agency Investment Fund in the State Treasury in accordance with the provisions of
Section 16429,1 of thc Governmcnt Codc lor thc purpose of investmcnt as statcd therein,
and verification' by the State Trcasurer's Ofiice of all banking inlormation provided in
that rcgard.
BE IT FURTHER RESOLVED, that the following City of Seal Beach ollicers or thcir
succcssors in ollice shall be authorized to order thc deposit or withdrawal of monies in
the Local Agency Investmcnt Fund:
Pamela Arends-King
Director of Administrative
Serviccsrrreasurer
Ghwt} il<.ul/f1,--I<~~
Tercsa Gonzalez
Accounting Manager
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PASSED, APPROVED AND ADOPTED....by the City Council at thc City of Seal Bcach
at a mccting thereof held on the ~~;Uday of Septcmber, 2003 by the following
vote:
AYES:
Council Members
NOES:
Council Mcmbcrs
ABSTAIN:
Council Membcrs
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A lTEST:
Resolution Number ~,~
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yeo, City Clerk of the City of Seal Beach,
California, do hereby certify that the fore~oing Resolution
is the original copy of Resolution Number SI/' ~ on file in
the office of the City Clerk, passed, approve , an~ adopted
by the City Council of the C~~. Seal Be at a re u ar
meeting thereof held on the ' day of ,
2003.
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