CC - 2007-06 - Authorizing Investment of Monies in the Local Agency Investment Fund•
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RESOLUTION NO. 2007-06
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 Treasury for the deposit of money of a local agency for the purposes of
investment by the State Treasurer; 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 State Treasurer'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 the deposit or withdrawal of monies in
the Local Agency Investment Fund:
Andrew C. Lazzaretto Oliver Chi
(Print Name) (Print Name)
City Manager Deputy City Manager
(Title) (Title)
(Sign (Signature)
(Vacant)
(Print 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 February 13, 2007. ---Z
ATTEST:
(City Clerk)
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD
I, Nina Castruita, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 2007-06 being:
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA AUTHORIZING INVESTMENT OF
MONIES IN THE LOCAL AGENCY INVESTMENT FUND
was duly and regularly approved and adopted by the Rosemead City Council on the 13th
of February, 2007, by the following vote to wit:
Yes: Clark, Imperial, Taylor, Tran
No: None
Abstain: None
Absent: Nunez
Nina Castruita
City Clerk