HomeMy WebLinkAbout2023-059 Updated LAIF ResolutionRESOLUTION NO. 2023-059
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL
AGENCY INVESTMENT FUND
Whereas,The Local Agency Investment Fund is established in the State Treasury under
Government Code section 16429.1 et. seq. for the deposit of money of a local agency for
purposes of investment by the State Treasurer; and
Whereas,the City Council hereby finds that the deposit and withdrawal of money in the
Local Agency Investment Fund in accordance with Government Code section 16429.1 et. seq.
for the purpose of investment as provided therein is in the best interests of the City.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES
HEREBY RESOLVE, DETERMINE, AND ORDER AS FOLLOWS:
Section 1.The City Council hereby authorizes the deposit and withdrawal of City monies
in the Local Agency Investment Fund in the State Treasury in accordance with Government Code
section 16429.1 et. seq. for the purpose of investment as provided therein.
Section 2.The following City officers specified hereinbelow 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 the transactions contemplated hereby:
City Manager – Jason Simpson, or successor
Assistant City Manager – Shannon Buckley, or successor
Director of Administrative Services – vacant, or successor
Assistant Director of Administrative Services - Brendan Rafferty, or successor
Section 3.This resolution shall remain in full force and effect until rescinded by City
Council by Resolution and a copy of the Resolution rescinding this Resolution is filed with the
State Treasurer’s Office.
Section 4.This Resolution shall take effect immediately upon its adoption.
Section 5.The City Clerk shall certify to the adoption of this Resolution and enter it into
the book of original Resolutions.
Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore,
California, this 27th day of June 2023.
Natasha Johnson
Mayor
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CC Reso No. 2023-59
Page 2 of 2
Attest:
Candice Alvarez, MMC
City Clerk
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that
Resolution No. 2023-59 was adopted by the City Council of the City of Lake Elsinore, California,
at the Regular meeting of June 27, 2023 and that the same was adopted by the following vote:
AYES: Council Members Tisdale, Sheridan, and Magee; and Mayor Johnson
NOES: None
ABSENT: Mayor Pro Tem Manos
ABSTAIN: None
Candice Alvarez, MMC
City Clerk
DocuSign Envelope ID: 8005F7D8-3BA7-43D5-8A71-1FB43171E2A0