HomeMy WebLinkAbout6817 RESOLUTION NO. 6817
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, ESTABLISHING AN ACCOUNT WITH THE LOCAL
AGENCY INVESTMENT FUND (LAIF) FOR THE FUNDS HELD BY THE
SUCCESOR AGENCY TO THE ARCADIA REDEVELOPMENT AGENCY
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 herby 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 of Arcadia and the Successor Agency to the
Arcadia Redevelopment Agency.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. The City Council does hereby authorize the deposit and withdrawal
of City of Arcadia monies on behalf of the Successor Agency to the Arcadia
Redevelopment Agency 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, and verification by the State Treasurer's Office
of all banking information provided in that regard.
SECTION 2. The following City of Arcadia officers or their successors in office
shall be authorized to order the deposit or withdrawal of monies in the Local Agency
Investment Fund:
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Jason Kruckeberg Hue Quach Shannon Huang
Assistant City Manager/ Administrative Services Financial Services
Development Services Director Director Manager/
City Treasurer
(Sig, ature) (Signature) (Signature)
SECTION 3. The City Clerk shall certify to the adoption of this Resolution.
Passed, approved and adopted this 21st day of February , 2012.
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1 yor : the City of Arcadia
ATTEST:
City Clerk
APPROVED AS TO FORM:
A t P e
Stephen P. Deitsch
City Attorney
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JAMES H. BARROWS, City Clerk of the City of Arcadia, hereby certifies that the
foregoing Resolution No. 6817 was passed and adopted by the City Council of the City of
Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said
Council held on the 21st day of February, 2012 and that said Resolution was adopted by
the following vote, to wit:
AYES: Council Members Amundson, Chandler, Harbicht, Segal and Kovacic
NOES: None
ABSENT: None
City Clerk of the City of Arcadia
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