RDA RES 1986-010 RESOLUTION NO. RDA 86-10
A RESOLUTION OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY AUTHORIZING INVESTMENT
OF RANCHO PALOS VERDES REDEVELOPMENT AGENCY
MONIES IN LOCAL AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section
16429.1 was added to the California Government Code to create a Local Agen-
cy 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 Rancho Palos Verdes Redevelopment Agency 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 Govern-
ment Code for the purposes of investment as stated therein as in the best
interests of the Rancho Palos Verdes Redevelopment Agency.
NOW, THEREFORE, BE IT RESOLVED that the Rancho Palos Verdes Redevelop-
ment Agency does hereby authorize the deposit and withdrawal of Rancho
Palos Verdes Redevelopment 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.
BE IT FURTHER RESOLVED that the following Rancho Palos Verdes Redevel-
opment Agency officers or their successors in office shall be authorized to
order the deposit or withdrawal of monies in the Local Agency Investment
Fund:
DONALD F. GULUZZY , EXECUTIVE DIRECTOR
(Name) (Title)
TERI HERSHBERG , TREASURER
(Name)
(Title)
PASSED, APPROVED, and ADOPTED on May 20, 1986. I OIL,
CHAIRMA
AT T:
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AGENCY SECRETARY
St: e of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
1
I, JO PURCELL, Agency Secretary of the Rancho Palos Verdes Rede-
velopment Agency, hereby certify that the above Resolution No. RDA 86-10
was duly and regularly passed and adopted by the said Agency at a regular
meeting thereof held on May 20, 1986.
/ 40P
AGENCY SECRETARY
704CP/RES12.1 Resolution No. RDA 86-10