CC RES 1983-064RESOLUTION N0. 83 -64
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES AUTHORIZING INVESTMENT OF
RANCHO PALOS VERDES MONIES IN LOCAL AGENCY
INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the Statues of 1976 Section 16429.1
was added to the California Government Code to create a Local Agency Investment
Fund in the State Treasury for the 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 Government Code for the purposes of investment as
stated therein as in the best interests of the City of Rancho Palos Verdes.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby authorize
the deposit and withdrawal of the City of Rancho Palos Verdes 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.
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:
Greg Beaubien City Treasurer
Betty Uht Deputy City Treasurer
Donald F. Guluzzy City Manager
PASSED, APPROVED and ADOPTED this 18th day of October, 1983.
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1.
ATTEST:
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I. MARY JO LOFTHUS , City Clerk of the City Council of the City of
Rancho Palos Verdes, hereby certify that the above Resolution No. 83 -64 was duly
and regularly passed and adopted by the said City Council at a regular meeting
thereof held on the 18th day of October, 1983.
fill,i
City Clerk,
�74 f y 0 cho P os Verdes CT