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HomeMy WebLinkAbout6665_CCv0001.pdf RESOLUTION NO. 6665 A RESOLUTION OF THE CITY OF REDLANDS AUTHORIZING INVESTMENT OF CITY MONIES IN LOCAL AGENCY INVESTMENT FUND WHEREAS,pursuant to Chapter 734 of the Statutes 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 of investment by the State Treasurer; and WHEREAS, the City Council of the City of Redlands 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 purposes of investment as stated therein is in the best interests of the City of Redlands, NOW,THEREFORE,BE IT RESOLVED that the City Council of the City of Redlands does hereby authorize the deposit and withdrawal of City 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. BE IT FURTHER RESOLVED that the following City officer or such officer's successor in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Tina T. Kundig Judy Jacobson Finance Director Interim Revepye M ager Signature Sim at e Thomas M. Steele N. Enrique Martinez Assistant Finance Director City ager S Signature ignature 74 LD DAI1ResoOraft City Reso Re investment 1111!07 1:45 p.in BE IT FURTHER RESOLVED ADOPTFD that Resolution No.3354 of the City of Redlands is hereby rescinded. SIGNED AND APPROVED this 6`I' day of November, 2907. May , City of Redlands ATTEST: Lo r, it 'Cl rk I, Lorne Poyzer, City Clerk, City of Redlands, do hereby certify that the foregoing resolution was adopted by the City Council at a regular meeting thereof held on the 6th day of November, 2907,by the following vote: AYES: Councilmembers Gilbreath, Gil, Gallagher, Aguilar; Mayor Harrison NOES: None ABSENT: None ABSTAIN: None Lo `e Poyzer, 5/0erk DJM1.Reso,.Dra(1 City Reso Re investment 11!1!07 I:3 p.m.