HomeMy WebLinkAbout2008-003 - Investment of Monies in the State Treasurer's Local Agency Investment Fund
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RESOLUTION NO. 2008-003
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA AUTHORIZING THE INVESTMENT OF
MONIES IN THE STATE TREASURER'S LOCAL AGENCY
INVESTMENT FUND AND DESIGNATING THE DIRECTOR
OF FINANCE / CITY TREASURER AND/OR THE
ASSISTANT FINANCE DIRECTOR AND/OR THE
TREASURY MANAGER TO MAKE DEPOSITS AND
WITHDRAWALS OF SAID FUNDS
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS
FOLLOWS:
Section 1. The City Council of the City of Santa Ana hereby finds, determines
and declares as follows:
A. Pursuant to California Government Code 9916429.1 et seq., the California
Legislature has created the Local Agency Investment Fund (LAIF) in the
State Treasury.
B. The City of Santa Ana has authorized, by Resolution 84-148, participation
in the State Treasure's Local Agency Investment Fund.
Section 2. The City Council of the City of Santa Ana authorizes the deposit in
the Local Agency Investment Fund, of the proceeds of the issuance of bonds, notes,
certificates of participation or other evidences of indebtedness of the City pending the
expenditure of the proceeds for their authorized purpose.
Section 3. The City Council authorizes the Executive Director of Finance and
Management Services, Francisco Gutierrez and/or the Assistant Director of Finance
and Management Services, Pamela Arends-King, and/or the Treasury Manager,
Christine Duarte, or their duly appointed successors, to order deposits to and
withdrawals of money from the Local Agency Investment Fund for and on behalf of the
City.
Section 4. A certified copy of this Resolution shall be delivered to the
California State Treasurer.
Section 5. This Resolution shall take effect immediately upon its adoption by
the City Council, and the Clerk of the Council shall attest to and certify the vote adopting
this Resolution.
Resolution No. 2008-003
Page 1 of 2
ADOPTED this th day of Januarv, 2008.
APPROVED AS TO FORM:
Joseph W. Fletcher, City Attorney
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By' l,. /, "." .
. . II i'!. -:[l " )t ,,-.L ,-V/
laura Sheedy ./
Assistant City AttQ)(ney
AYES: Councilmembers: Alvarez, Benavides, Bustamante, Martinez,
Pulido, Sarmiento, Tinaiero (7)
NOES: Councilmembers: None (0)
ABSTAIN: Councilmembers: None (0)
NOT PRESENT: Councilmembers: None (0)
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, PATRICIA E. HEALY, Clerk of the Council, do hereby attest to and certify the
attached Resolution No, 2008-003 to be the original resolution adopted by the City
Council of the City of Santa Ana on Januarv 7,2008,. ...... yj
/ / /2-- -./ ~.>
Date: / /'09/0 Y / ---7c.2~~/c .
I ' / I -Patricia E. Healy
Clerk of the Council
City of Santa Ana
Resolution No. 2008-003
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