CDC - 2007-03 - Investment of Monies in the Local Agency Investmetn Fund• 0
RESOLUTION NO. 2007-03
RESOLUTION OF THE ROSEMEAD COMMUNITY DEVELOPMENT
COMMISSION, 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 Commission 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 Rosemead Community Development Commission.
NOW THEREFORE, BE IT RESOLVED, that the Commission does hereby
authorize the deposit and withdrawal of Rosemead Community Development
Commission 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 Commission 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)
Executive Director Depute City Manager
(Title) (Title)
6-.
(Sign (Signature)
(Vacant)
(Print Name)
Chief Financial Officer
(Title)
(Signature)
PASSED AND ADOPTED, by the Rosemead Community Development Commission,
County of Los Angeles, of the State of California on Februar 007.
(M )
ATTEST:
(City Clerk)
•
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
1, Nina Castruita, Secretary of the Rosemead Community Development
Commission, do hereby certify that the foregoing Resolution No. 2007-03 being:
A RESOLUTION OF THE ROSEMEAD COMMUNITY DEVELOPMENT
COMMISSION, CALIFORNIA, AUTHORIZING INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT FUND
was duly and regularly approved and adopted by the Rosemead Community
Development Commission on the 13th of February, 2007, by the following vote to wit:
Yes: Clark, Imperial, Taylor, Tran
No: None
Absent: Nunez
Abstain: None
- k1 O'Lffiu-kc
Nina Castruita
Secretary