HomeMy WebLinkAbout7247_CCv0001.pdf RESOLUTION NO. 7247
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
AUTHORIZING INVESTMENT OF CITY MONIES IN THE LOCAL AGENCY
INVESTMENT FUND AND RESCINDING RESOLUTION NO.6815
WHEREAS,Government Code Section 16429.1 creates 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 hereby finds 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 Council of the City of Redlands,
NOW,THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
REDLANDS AS FOLLOWS:
Section 1. 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 is hereby approved.
Section 2. The following City Officers and staff shall be authorized to order the deposit or
withdrawal of monies in the Local Agency Investment Fund:
Robert Dawes,City Treasurer
Signature
Tina T. Kundig,Finance Director
Signature
Thomas M. Steele,Assistant Finance Director
Signat
Karin A. Grance,Revenue Manager
Signature
Section 3. That Resolution No. 6815 is hereby rescinded.
1Acc1erk\ResoJutions\Res 7201-729917247 LAIF City December 2012.doc
ADOPTED,SIGNED AND APPROVED this l8th day of December,2012_
- ?'PA -- --
PetLAgui ,Mayor
ATTEST:
SanAh-Mn, Clerk
I, Sam Irwin, City Clerk of the City of Redlands,hereby certify that the foregoing Resolution was
duly adopted by the City Council at a regular meeting thereof held on the 18th day of December,
2012,by the following vote:
AYES: Councilmembers Foster, Gardner, Gilbreath, Mayor Aguilar
NOES: None
ABSTAIN: None
ABSENT: Councilmember Harrison
Samh"�, City Clerk
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