HomeMy WebLinkAboutResolution No. 2510 0
RESOLUTION NO 251
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA AUTHORIZING
THE USE OF THE LOCAL AGENCY INVESTMENT FUND UNDER THE
OFFICE OF THE CALIFORNIA STATE TREASURER AS AN
INVESTMENT MEDIA ALTERNATIVE
WHEREAS Article Il (commencing with Section 16429.1) has been added to
Chapter 2 of Part 2 of Division 4 of Title 2 of the Government Code; and
WHEREAS this Government Code addition provides for the creation of the Local
Agency Investment Fund under the office of the California State Treasurer and the
establishment of the Local Investment Advisory Board and prescribes various duties
for the Board; and
WHEREAS it is deemed wise and prudent to establish an account with the office
of the California State Treasurer for the purpose of using the Local Agency Investment
Fund as an investment media alternative.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1
That the Board of Directors of the Redevelopment Agency of the City of Azusa
hereby authorize the establishment of an investment account with the office of the
California State Treasurer Local Agency Investment Fund titled:
The Redevelopment Agency of the City of Azusa
213 E. Foothill Boulevard
Azusa, CA 91702
Attention: Robert E. Talley Barry K. Whitley
Agency Treasurer Deputy Agency Treasurer
Section 2
That the Board of Directors of the Redevelopment Agency of the City of Azusa
agrees to deposit or withdraw money 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 herein.
Section 3
That the Board of Directors of the Redevelopment Agency of the City of Azusa
authorizes the following named officials to order the deposit or withdrawal of money
in the Local Agency Investment Fund:
Robert E. Talley, Agency Treasurer
Barry K. Whitley, Deputy Agency Treasurer
ADOPTED AND APPROVED THIS 3rd day of March 1986.
CHAIRMAN
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the
Board of Directors of the Redevelopment Agency of the City of Azusa at a regular
meeting hereof held on the 3rd day of March 1986, by the following vote of Council:
AYES: DIRECTORS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTO S: NONE
SECR TARY