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RESOLUTION NO. 6381
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ARCADIA, CALIFORNIA, AUTHORIZING
INVESTMENT OF CITY OF ARCADIA MONIES IN
THE 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
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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 are in the best interests of the City of Arcadia.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, DOES HEREBY FIND, DETERMINE AND
RESOLVE AS FOLLOWS:
SECTION 1.
The City Council hereby authorizes the deposit and
withdrawal of City of Arcadia monies in the Local Agency Investmerit 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 further
authorizes verification by the State Treasurer's Office of all banking information
provided by the City for purposes of such investment.
SECTION 2.
Anyone or more of the following City of Arcadia
officers or their successors in office shall be authorized to o:der the deposit or
withdrawal of monies in the Local Agency Investment Fund:
William R. Kelly
City Manager
Tracey L. Hause Gerald A. Parker
Administrative Services Director City TreasurerIFinancial
Services Manager
SECTION 3. The City Clerk shall certify to the adoption of this Resolution.
Passed, approved and adopted this 19th day of August
,2003.
ATTEST:
. Ci Clerk of the Ci
APPROVED AS TO FORM:
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Stephen P. Deitsch
City Attorney
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certifies that
the foregoing Resolution No. 6381 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 19th day of August, 2003 and that said Resolution
was adopted by the following vote, to wit:
A YES: Council Members Chang, Marshall, Segal, Wuo and Kovacic
NOES: None
ABSENT: None
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of Arcadia
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