HomeMy WebLinkAboutPFA Reso No 2008
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Public Finance Authority for the City of Lake Elsinore
Regular Account Resolution
Resolution of the Public Finance Authority for the City of Lake Elsinore
Resolution # 2008-01
Agency
Address: 130 S. Main St.. Lake Elsinore. CA. 92530
Agency
Phone Number: (951) 674-3124
AUTHORIZING INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, Pursuant to Chapter 730 of the statutes of 1976 Section 16429. It was added to
the California Government Code to create a Local Agency Investment Fund in the State
Treasury for deposit of money of a local agency for purposes of investment by the State
Treasurer; and
WHEREAS, the Public Finance Authority Board of Directors does hereby find that the
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.
NOW THEREFORE, BE IT RESOLVED, that the Public Finance Authority Board of
Directors does hereby authorize the deposit and withdrawal of Agency monies 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 as stated therein, and
verification by the State Treasurer's Office of all banking information provided in that regard.
BE IT FURTHER RESOLVED, that the 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:
James R. Rilev
Acting Director of Administrative Services
Robert A. Bradv
Executive Director
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(Si ture)
PASSED AND ADOPTED, by the Public Finance Authority Board of Directors, for the City
of Lake Elsinore, Riverside County of the State of California on December 23,2008.
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DATE
12/23/08
ADDITIONS
Name
DELETIONS
Name
Matt N. Pressey
David W. Sapp
LOCAL AGENCY INVESTMENT FUND
AUTHORIZATION FOR TRANSFER OF FUNDS
AGENCY NAME
Lake Elsinore Public Finance Authoritv
LAIF ACCOUNT #
40-33-004
Title
Sil!nature
Please mail completed form to:
State Treasurer's Office
Local Agency Investment Fund
P. O. Box 942809
Sacramento, CA. 94209-0001
Acting Director of Administrative Services
Print Title
James R. Rilev
Print Name
Executive Director
Print Title
Robert A. Bradv
Print Name
Authorized Signature
t be authorized per Resolution)
Two authorized signatures required
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STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF lAKE ELSINORE
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I, CAROL COWLEY, Interim City Clerk of the City of lake Elsinore, California,
hereby certify that Resolution No. 2008-01 was adopted by the Authority Board of the
City of lake Elsinore at a regular meeting held on the 23rd day of December 2008,
and that the same was adopted by the following vote:
AYES: Vice-Chair Amy Bhutta, Member Thomas Buckley,
Member Robert Magee, Member Melissa Melendez
NOES: None
ABSENT: Chairman Daryl Hickman
ABSTAIN: None
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INTERIM CITY CLERK
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