HomeMy WebLinkAbout84-148RESOLUTION NO. 84-148
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA ANA EXPRESSING ITS INTENTION TO
PARTICIPATE IN THE STATE TREASURER'S LOCAL
AGENCY INVESTMENT FUND AND AUTHORIZING THE
DIRECTOR OF FINANCE/TREASURER TO MAKE DEPOSITS
AND WITHDRAWALS FROM SAID FUND
WHEREAS, Sections 16429.1 et seq. of the Government Code
created the Local Agency Investment Fund in the State Treasury;
and
With the approval of its governing body, any local govern-
mental agency having money in its treasury not required for
lm~nediate needs may remit such money to the State Treasury for
deposit in the Local Agency Investment Fund for the purpose of
investment; and
Money in the fund shall be invested to achieve the
objective of maximum return consistent with safe and prudent
treasury management; and
Before any deposits will be accepted, the local government
agency must file a resolution with the State Treasurer,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Santa Aha that it desires to participate in the State
Treasurer's Local Agency Investment Fund and hereby agrees to
deposit or withdraw money in said fund in accordance with the
provisions of Sections 16429.1 et seq. of the Government Code
for the purpose of investment as stated therein.
BE IT FURTHER RESOLVED that L.M. Shaffer, Director of
Finance and/or Sidney Yeates, Treasury Division Manager, are
hereby authorized to order deposits or withdrawals of money
in the Local Agency Investment Fund.
The City Clerk is directed to send a certified copy of
this resolution to Jesse M. Unruh, Treasurer of the State of
California.
RESOLUTION NO. 84-
PAGE TWO
ADOPTED this 10th day of December
ATTEST:
~c~en ir~eofC ' t~Ycou/nc i ~-~
COUNCILMEMBERS:
Griset Aye
Ac os t a Aye
Hart Aye
Johnson Aye
Luxembourger Aye
McGuigan Aye
Young Aye
Daniel E. Griset
Mayor
APPROVED AS TO FORM:
Ec~ward~ J ~..~o~per
City Attorh-~y
, 1984.