HomeMy WebLinkAboutResolution No. 13-C11RESOLUTION NO. 13 -CII
A RESOLUTION OF THE CITY OF AZUSA AUTHORIZING
INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the statues 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 investment by the State
Treasurer; and
WHEREAS, the City Council of the City of Azusa 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 of Azusa.
NOW THEREFORE BE IT RESOLVED, that the Council Members of the City of
Azusa do hereby authorize the deposit and withdrawal of the City of Azusa monies 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.
BE IT FURTHER RESOLVED, that the following City officers or their successors in
office shall be authorized to order the deposit or withdrawal of monies in the Local Agency
Investment Fund:
MARCENE HAMILTON
Name
CITY TREASURER
Title
ignature
JAMES W. MAKSHANOFF
Name
CITY MANAGER
Title
Si lure
SUSAN PARAGAS
Name
DIR. OF FINANCE
Title
Signature
APPROVED AND ADOPTED this 4th day of March 2013.
Joso h R. ko6ha, Mayor
I HEREBY certify that the foregoing resolution was duly adopted by the City Council of
the City of Azusa at a regular meeting thereof held on the 41' day of March, 2013, by the
following vote of the Council:
AYES: COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, ROCHA
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: HANKS
i
Vera Mendoza,(Sty- Cler