HomeMy WebLinkAbout90-18 - Invest in State of Calif. Local Agency Investment Fund171
RESOLUTION NO. 90-18
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, AUTHORIZING THE CITY
TREASURER TO INVEST CITY MONIES WITH THE STATE
OF CALIFORNIA'S 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 and with-
drawal of money in the Local Agency Investment Fund in accordance with the
provisions of Section 16429.1 of the Government Code for the purpose of
investment as stated therein are in the best interests of the City of Costa
Mesa;
NOW, THEREFORE, BE IT RESOLVED that the Costa Mesa City Council does
hereby authorize the deposit and withdrawal of City of Costa Mesa 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.
BE IT FURTHER RESOLVED that the following City of Costa Mesa officers
or their successors in office shall be authorized to order the deposit or
withdrawal of monies in the Local Agency Investment Fund:
Name and Title of Authorized Officers Signatures
Susan L. Temple, Director of Finance/Treasurer
Au1
Willard L. Quinn, Revenue Supervisor
Betty M. Bent, Revenue Investment Specialist
PASSED AND ADOPTED this 5th day of March, 1990.
ATTEST:
1
ity Clerk of the City ofCosta sa Mayo40f e Ci f Costa Mesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, EILEEN P. PHINNEY, City Clerk and ex -officio Clerk of the City
Council of the City of Costa Mesa, hereby certify that the above and fore-
going Resolution No. 90-18 was duly and regularly passed and adopted by
the said City Council at a regular meeting thereof, held on the 5th day of
March, 1990, by the following roll call vote:
AYES: COUNCIL MEMBERS: Buffa, Hornbuckle, Genis
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Amburgey, Glasgow
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa this 6th day of March, 1990.
E y Clerk and ex -off icio Clerk of tw
City Council of the City of Costa MetA