CC Resolution 1982-071't RESOLUTION NO. 82-71
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LA QUINTA, CALIFORNIA, RESCINDING RESOLUTIONS
NOS. 82-11 AND 82-46, AND AUTHORIZING DEPOSIT AND
WITHDRAWAL IN THE STATE LOCAL AGENCY INVESTMENT
FUND.
WHEREAS, the State of California has enacted Assembly Bill 3107,
creating the Local Agency Investinent Fund; and
WHEREAS, it appears to be in the best interest of the City of
La Quinta to deposit rr[onies which may from time to time be surplus
to the immediate needs of the City in said fund.
NOW, THEREFORE, BE IT RESOLVED that the City of La Quinta,
78-105 Calle Estado, La Quinta, California, 92253, agrees to deposit
and withdraw money 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 therein; and
BE IT FURTHER RESOLVED that each of its following officials be,
and hereby are, authorized to order the deposit or withdrawal of
money in said Local Agency Investment Fund; and
BE IT FURTHER RESOLVED that Resolution Nos. 82-11 and 82-46
are hereby rescinded.
LAWRENCE B. CUNNINGHAM, City Treasurer
FRANK M USHER, City Manager/City Clerk
APPROVED and ADOPTED this 21st day of December 1982.
ATTEST:
I
APPROVED AS TO FORM APPROVED AS TO CONTENT:
TTOrRN.E
CITY F?ANAGER
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