CC Resolution 1983-077( RESOLUTION NO. 83-77
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LA QUINTA, CALIFORNIA, RESCINDING RESOLUTION
NO. 82-71, 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 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, 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 No. 82-71 is hereby
rescinded.
FRANK M. USHER, City Manager/City Clerk
BECKY K. KOCHELL, City Treasurer
APPROVED and ADOPTED this 6th day of December
1983.
/Jt&+!? U,
MAYOR
ATTEST:
CITY CLERK
APPROVED AS TO FORM: APPROVED AS T????EN,T:
ATTORNEY NAGER
BIB]
04-29-1996-U01
10:34:06AM-U01
CCRES-U02
83-U02
77-U02