CC Resolution 2007-079
RESOLUTION NO. 2007-079
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA, CALIFORNIA, 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 City of La Quinta 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 as in the best interests of the City of La Quinta.
NOW THEREFORE, BE IT RESOLVED, that the City Council does hereby
authorize the deposit and withdrawal of City of La Quinta monies in the Local
Agency Investment Fund in the State of Treasury in accordance with the provisions
of Section 16429.1 of the Government Code of for the propose 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 following City officers or their successors
in office shall be authorized to order the deposit or withdrawal of monies in the
Local Agency Investment Fund:
Thomas P. Genovese
(NAME)
John M. Falconer
(NAME)
PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta
City Council, held on this the 18th day of September, 2007 by the following vote,
to wit:
Resolution No. 2007-079
Authorizing Investments of Monies
In the Local Agency Investment Fund
Adopted: September 18. 2007
Page 2.
AYES: Council Members Henderson, Kirk, Osborne, Sniff, Mayor Adolph
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
ERONICA J. NTECINO, CMC, City Clerk
City of La Q nta, California
(City Seal)
APPROVED AS TO FORM:
M. KATHEi INE JENSON,
City of La Quinta, Califor
DON ADO H, ayor
City of La Quinta, California