HomeMy WebLinkAboutCC Reso No 2006-001City of Lake Elsinore
Regular Account Resolution
Resolution of the City of Lake Elsinore
Resolution No. 2006-O1
Agency Agency
Address: 130 S. Main St.. Lake Elsinore. CA. 92530 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 City Council 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 Govemment Code for the purpose of investment as stated therein as in the best interests of
the City.
NOW THEREFORE, BE IT RESOLVED, that the City Council does hereby authorize the
deposit and withdrawal of City 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:
David W. Sapp
Director of C munity Serv' s
C~v
(Sigriature)
Matt N. Yressev Kim Maeee
Director of Administrative Services Fin ce Division Manager
~~~_
(Signature) (Signature) ~~~~
PASSED AND ADOPTED, by the City Council of the City of Lake Elsinore, Riverside
County of the State of California on January 10, 2006.
Robert A. Bradv
LOCAL AGENCY INVESTMENT FUND
AUTHORIZATION FOR TRANSFER OF FUNDS
DATE AGENCY NAME LAIF ACCOUNT #
1/10/2006 Citv of Lake Elsinore 98-33-411
ADDITIONS
Name Title Si nature
David W. Sapp Director of Community Services
DELETIONS
Name
Vicki Kasad
Please mail completed form to:
State Treasurer's Office
Local Agency Investment Fund
P. O. Box 942809
Sacramento, CA. 94209-0001
Director of Administrative Services
Print Title
Finance Manaeer
Print Title
Matt N. Pressev
Print Name
X ~~
Authorized Signatur
(Must be authorized per Resolution)
Kim Magee
Print Name
X Q.~_
Authorized Signatur
(Must be authorized per Resolution)
Two authorized signatures required