HomeMy WebLinkAbout2003-19 Local Agency Investment Fund Sig.RESOLUTION NO. 2003-19
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH
AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT
FUND
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 Treasurer; and
WHEREAS, the City Council does hereby find that the deposit of 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 Ukiah.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Ukiah
hereby authorizes the deposit and withdrawal of City of Ukiah monies in the Local Agency
investment fund in the State Treasury in accordance with the provisions of Section 16429.1
of the Government code of 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BE IT FURTHER RESOLVED, Resolution No. 83-52 is superceded by the adoption
of this resolution and the following City of Ukiah officers or their successors in office shall
be authorized to order the deposit or withdrawal of monies the Local Agency Investment
Fund:
vote:
Candace Horsley, City Manager
Albert Fierro, Assistant City Manager
Gordon Elton, Director of Finance
Alan Carter, City Treasurer
Michael Harris, Risk Manager
PASSED AND ADOPTED this 18th day of December 2002 by the following roll call
AYES: Councilmembers Rodin, Anderson, Smith, Baldwin, and Mayor Larson
NOES: None
ABSENT: None
ABSTAIN: None
Eric Larson, Mayor
-
ATTEST:
Marie Ulvila, City Clerk
Resolution No. 2003-19
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