HomeMy WebLinkAboutCC Res 5559 2007-06-25
RESOLUTION NUMBER 5559
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 5481.
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
~y the State Treasurer; and
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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 for 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 Governm~nt 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:
Greg Beaubien
Interim Director of Administrative
Services/Treasurer
Teresa Gonzalez
Administrative Services
Manager
David N. Carmany
City Manager
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PASSED, APPROVED AND ADOPTED by the City Council of Seal Beach, at a
meeting hereof held on the 25th day of June , 2007 by the following vote:
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ABSENT:
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STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
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Cit Clerk
I, Linda Devine, City Clerk for the City of Seal Beach, California, do hereby certify that
the foregoing resolutions is the original copy of Resolution Number 5559 on file in the
office of the City Clerk, passed, approved and adopted by the City Council of the City of
Seal Beach at a re lar meeting hereof held on the 25th day of June ,2007.