CC - 2008-22 - Authorizing Investment of Monies in the Local Agency Investment Fund• •
RESOLUTION NO. 2008 - 22
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD,
CALIFORNIA AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND
WHEREAS, Pursuant to Chapter 730 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 Treasurer for the deposit on money of a local agency for the purpose of investment
by the State Treasurer; and, and
WHEREAS, The City Council 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 Rosemead.
NOW THEREFORE, BE IT RESOLVED, That the City Council does hereby
authorize the deposit and withdrawal of City of Rosemead 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 StateTreasurer's Office of all banking information provided in that regard.
BE IT FURTHER RESOLVED, that the following City of Rosemead officers or their
successors in office shall be authorized to order deposit or withdrawal of monies in the
Local Agency Investment Fund:
Oliver Chi Brian Saeki
(Name) (Name)
City Manager
(Title)
(Signature)
Page 1 of 2
Assistant City Manager
(Title)
Matt Hawkesworth
(Name)
Assistant City Manager
(Title)
(Si ture)
E
Steven Brisco
(Name)
Chief Financial Officer
(Title)
(Signature)
PASSED, AND ADOPTED, by the City Council of the City of Rosemead, County of Los
Angeles of the State of California on April 8, 2008.
ATTEST: In
lum'v~ 61
GLORIA MOLLEDA, CITY CLERK
TRAN, MAYOR
CITY ATTORNEY
Page 1 of 2
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Gloria Molleda, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Resolution No.2008-22 being:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA AUTHORIZING OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND
was duly and regularly approved and adopted by the Rosemead City Council on the 8th
of April, 2008, by the following vote to wit:
Yes: Clark, Low; Nunez, Taylor, Tran
No: None
Abstain: None
Absent: None
A"f CA
Gloria Molleda
City Clerk