HomeMy WebLinkAbout85-130B - ResolutionsRESOLUTION NO. 85-130B
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 Director
Jack Lam John R. Gillison
City Manager Deputy City Treasurer
Sandra G. Ramirez
Management Analyst 111
Please see the /allowing page
/or /ormal adopt/on, certi/ication and signatures
Resolution No. 85-130B
Page 2 of 2
PASSED, APPROVED, AND ADOPTED this 1st day of October 2008.
AYES: Gutierrez, Kurth, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
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Donald J. Kurth,
ATTEST:
Kath n L. colt, CMC, Ac4irig City Clerk
I, KATHRYN L. SCOTT, ACTING 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 1st day of October 2008.
Executed this 2nd day of October 2008, at Rancho Cucamonga, California.
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Kathryn L. cott, CENC, Acting City Clerk