HomeMy WebLinkAbout85-130A - Resolutions RESOLUTION NO. 85-130A
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, AMENDING THE LIST OF
OFFICERS WHO ARE AUTHORIZED TO ORDER THE DEPOSIT
OR WITHDRAWAL OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND FOR THE CITY OF RANCHO CUCAMONGA
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 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 of investment as stated therein is in the best interests of
the City.
NOW, THEREFORE, BE IT RESOLVED, that the City Council does hereby authorize
the deposit and withdrawal of City monies in the Local Agency Investment Fund in the State
Treasury in accordance with 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 officers or their successors in
office shall be authorized to order the deposit or withdrawal of monies in the Local Agency
Investment Fund for the City of Rancho Cucamonga.
James C. Frost Tamara L. Layne
City Treasurer Finance Officer
Jack Lam Lawrence I. Temple
City Manager Deputy City Treasurer
Sandra G. Ramirez
Management Analyst III
Please see the fo#owing page
for formal adoption, certification and signatures
Resolution No. 85-130A
Page 2 of 2
PASSED, APPROVED, AND ADOPTED this 15th day of June 2005.
AYES: Alexander, Gutierrez, Michael, Williams
NOES: None
ABSENT: Spagnolo
ABSTAINED: None
Willia~/l~ Alexander, I~ayor
Al-rEST:
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California, do
hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City
Council of the City of Rancho Cucamonga, California, at a Regular Meeting of said City Council held
on the 15th day of June 2005.
Executed this 16th day of June 2005, at Rancho Cucamonga, California.