HomeMy WebLinkAboutCC Res 5631 2007-12-10
RESOLUTION NUMBER 5631
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 5559.
WHEREAS, Pursuant to Chapter 730 of the statutes of 1976 Section 16429.1 was added
to the Califomia 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
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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 Govemment 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 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:
Robbeyn Bird
Director of Administrative
ServiceslTreasurer
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Teresa Gonzalez
Administrative Services
Manager
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David N. Carmany
City Manager
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Ci Y Clerk
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AYES:
NOES:
ABSENT: Council member
ABSTAIN: Councilmember..___
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I, Linda Devine, City Clerk of the City of Seal Beach, Califomia, do hereby certify that
the foregoing resolution is the original copy of Resolution Number 5631 on file in the
office of the City Clerk, passed, approved, and adopted by the City Council of the City of
S I Beach at gular meeting thereof held on the 10th day of December, 2007.