IA RES 2015-006 RESOLUTION NO. IA 2015-06
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS
IMPROVEMENT AUTHORITY AUTHORIZING INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND (LAIF).
WHEREAS, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority desires to authorize the investment of monies in the Local Agency
Investment Fund (LAIF); and
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 Commission 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 Rancho Palos Verdes Joint Powers Improvement Authority;
NOW THEREFORE, BE IT RESOLVED,that the Commission hereby authorizes the
deposit and withdrawal of Rancho Palos Verdes Joint Powers Improvement Authority
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.
BE IT FURTHER RESOLVED, as follows:
Section 1. The following Rancho Palos Verdes Joint Powers Improvement Authority
officers holding the title(s) specified herein below 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:
Doug Willmore Carolynn Petru Kathryn Downs
Name Name Name
Chief Administrative Officer Deputy Administrative Officer Acting Director of Finance
Title Title Title
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Signature Si ature Signature
Resolution No. IA 2015-06
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Section 2. This resolution shall remain in full force and effect until rescinded by the
Commission by resolution and a copy of the resolution rescinding this resolution is filed
with the State Treasurer's Office.
PASSED, APPROVED, and ADOPTED the 5th day of May 2015.
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A 4 THO`y�'' CHAIRPERSON
ATTEST:
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AUT ORITY SECRETARY
State of California )
County of Los Angeles )
City of Rancho Palos Verdes )
I, Carla Morreale, Authority Secretary of the Rancho Palos Verdes Joint Powers
Improvement Authority, hereby certify that the above Resolution No. IA 2015-06 was duly
and regularly passed and adopted by the said Joint Powers Improvement Authority at
regular meeting thereof held on May 5, 2015. �.
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AUTHORITY SECRETARY
Resolution No. IA 2015-06
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