HomeMy WebLinkAboutCC Res 5661 2008-02-11
RESOLUTION NUMBER 5661
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 5631.
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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 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:
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Robbeyn Bird
Director of Administrative
ServiceslTreasurer
Alayna Hoang
Accountant
David Carmany
City Manager
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PASSED, APPROVED, AND ADOPTED by the City Council of the City of Seal
Beach on the 11 th day of Februarv , 2008 by the following vote:
AYES: Council MembersrJr,.~~, ~I ~,7j!/2,)#r]
NOES: Council Members ~
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ABSENT:
Council Members
ABSTAIN:
Council Members
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ATTEST:
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City Clerk
STATE OF CALIFORNIA
COUNTY OF ORANGE
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 Resolution Number 5661 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 regular meeting held on the 11 th day
of Februarv, 2008.
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Ci Clerk