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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.