CC Resolution 2017-024 Authorizing Investment of FundsRESOLUTION NO. 2017 - 024
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 is in the best interests of the City of La Quinta.
NOW, THEREFORE, BE IT RESOLVED, that the City Council 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)
Karla Campos
(NAME)
Cit Mana s er Treasurer
(TITL
(SIG
(TITLE)
(SIGNATURE)
SECTION 2. This r- tion shall remain in full force and effect until rescinded by the
City Council by resolution and a copy of the resolution rescinding this resolution is filed
with the State Treasurer's Office.
Resolution No. 2017-024
Authorizing Investments of Monies in the Local Agency Investment Fund
Adopted: June 6, 2017
Page 2 of 2
PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City
Council held on this 6th day of June, 2017, by the following vote:
AYES: Council Members Fitzpatrick, Pena, Radi, Sanchez, Mayor Evans
NOES: None
ABSENT: None
ABSTAIN: None
CL.t4),.2c14,--
LINDA EVANS, Mayor
City of La Quinta, California
ATTEST:
SUSAN MAYSELS, City Cl
City of La Quinta, California
(CITY SEAL)
APPROVED AS TO FORM:
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California