IA RES 2015-011 RESOLUTION NO. IA 2015-11
A RESOLUTION OF THE RANCHO PALOS VERDES IMPROVEMENT
AUTHORITY AUTHORIZING THE INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND OF THE STATE OF
CALIFORNIA AND TAKING CERTAIN ACTIONS IN CONNECTION
THEREWITH.
RECITALS:
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 Authority 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 Improvement Authority.
WHEREAS, the Authority Commission adopted Resolution No. 2015-06 on July
7, 2015, authorizing the Executive Director and Authority Treasurer/Director of Finance
of the Improvement Authority, or their successors in such offices, to order the deposit or
withdrawal of moneys in various financial institutions on behalf of the Improvement
Authority.
WHEREAS, Pursuant to a request of the State Treasurer's Office, the
Improvement Authority Commission wishes to adopt this Resolution to supplement
Resolution No. 2015-06 to provide specific authorization for the Improvement Authority
LAIF account.
NOW THEREFORE, BE IT RESOLVED, that the Improvement Authority
Commission hereby authorizes the deposit and withdrawal of 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 Improvement Authority officers holding the title(s)
specified herein 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:
Douglas Willmore Deborah Cullen
Executive Director of the Treasurer of the
Rancho Palos Verdes Rancho Palos Verdes
Improvement Authority Improvement Authority
/s/ Doug Willmore /s/ Deborah Cullen
Section 2. This resolution shall remain in full force and effect until rescinded
by the Improvement Authority Commission by resolution and a copy of the resolution
rescinding this resolution is filed with the State Treasurer's Office.
Section 3. The Officers of the Improvement Authority are hereby authorized
and directed, jointly and severally, to do any and all things, to execute and deliver any
additional instruments which they may deem necessary or advisable in order to
effectuate the purposes of this Resolution and any such actions previously taken by
such officers are hereby ratified and confirmed.
Section 4. The Secretary of the Improvement Authority is hereby authorized
and directed to submit a certified copy of this Resolution and such forms as may be
required to the Office of the State Treasurer to effectuate the purposes of this
Resolution.
PASSED, APPROVED, AND ADOPTED this 4th day of August, 2015.
ATTEST:
i
Commission Secretary
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carla Morreale, Commission Secretary of the Rancho Palos Verdes Improvement
Authority, hereby certify that the above Resolution No. IA 2015-11 was duly and regularly
passed and adopted by the said Improvement Authority at regular meeting thereof held
on August 4, 2015.
Aira24/Vd___
Commission Secretary
Resolution No. IA 2015-11
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