HA Resolution 2017-001RESOLUTION NO. HA 2017 - 001
A RESOLUTION OF THE LA QUINTA HOUSING AUTHORITY
AUTHORIZING INVESTMENTS 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 purposes of
investment by the State Treasurer; and
WHEREAS, the La Quinta Housing Authority does hereby find that 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 La Quinta.
NOW, THEREFORE, BE IT RESOLVED, that the La Quinta Housing Authority of
the City of La Quinta, California, does hereby authorize the deposit and withdrawal of
City of La Quinta monies in the Local Agency Investment Fund in the State Treasury in
accordance with the provisions of Government Code Section 16429.1 et. seq. for the
purpose of investment as provided therein.
BE IT FURTHER RESOLVED, as follows:
SECTION 1. The following City of La Quinta officers holding the titles specified herein
below or their successors in office are each hereby authorized to order the deposit or
withdrawal of monies in the Local Agency Investment Fund and may execute and
deliver any and all documents necessary or advisable in order to effectuate the
purposes of this resolution and are transactions contemplated hereby:
Frank J. Spevacek
(NAME)
City Manager /
Executive Director
t
lair (SI"•'?i R:`
(TITLE)
Karla Campos
(NAME)
Finance Director/City Treasurer/
Authority Treasurer
(TITLE)
4(
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SECTION 2. This resolution shall remain in full force and effect until rescinded by the
La Quinta Housing Authority by resolution and a copy of the resolution rescinding this
resolution is filed with the State Treasurer's Office.
Resolution No. HA 2017-001
Authorizing Investments of Monies in the Local Agency Investment Fund
Adopted: June 6, 2017
Page 2 of 2
PASSED, APPROVED, and ADOPTED at a special meeting of the La Quinta
Housing Authority held on this 6th day of June, 2017, by the following vote:
AYES: Authority Members Evans, Pena, Radi, Sanchez, Chair Fitzpatrick
NOES: None
ABSENT: None
ABSTAIN: None
Th
�s-
KATHLEEN FITZPATRIC , Chairperson
La Quinta Housing Au hority
ATTEST:
SUSAN MAYSELS, Secre ary
La Quinta Housing Authority
(CITY SEAL)
APPROVED AS TO FORM:
WILLIAM H. IHRKE, Attorney.,
La Quinta Housing Authority