CC Resolution 1982-011& RESOLUTION NO. 82-li
RESOLUTION OF THE CITY COU?CIL OF THE
CITY OF LA QUINTA, COUNTY OF RIVERSIDE,
STATE OF CALIFORNIA, AUTHORIZING DEPOSIT
AND WITDRA??AL IN THE STATE LOCAL AGENCY
INVEST?ENT FUND.
WHEREAS, the State of California has enacted Assembly Bill
lO7, creating the Local Agency Investment Fund; and
WHEREAS, it appears to be in the best interest of the City
of La Quinta to deposit monies which may from time to time be
surplus to the immediate needs of the City in said fund.
NOW, THERFFORE, be it hereby resolved that the City of La
Quinta agrees to deposit and withdraw money in the Local Agency
Investment Fund in the State Treasury in accordance with the pro-
visions of Section 1.6429.1 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.
LARRY ALLEN, City Treasurer
FRANK USHER, City Manager/City Clerk
APPROVED and ADOPTED this 1st day of 1May, 1982.
AYOR
ATTEST:
CITY CLER?
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
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