1999/05/11 Rohnert Park Financing Authority Resolution
RESOLUTION NO. 99- 04
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
ROHNERT PARK FINANCING AUTHORITY
AUTHORIZING DEPOSITING BOND PROCEEDS IN THE
LOCAL AGENCY INVESTMENT FUND (L.A.I.F.)
WHEREAS, Pursuant to Chapter 730 of the statutes 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 Board of Directors of the Rohnert Park Financing
Authority does hereby find that the deposit and withdrawal of
proceeds from bonds, notes, certificates of participation, or other
forms of indebtedness (proceeds) in the Local Agency Investment
Fund in accordance with the provisions of Government Code Section
16429.1 is in the best interest of the Rohnert Park Financing
Authority and holders of the Rohnert Park Financing Authority's
indebtedness.
NOW, THEREFORE, BE IT FURTHER RESOLVED that the Board of
Directors does hereby authorize the deposit and withdrawal of
Rohnert Park Financing Authority proceeds in the Local Agency
Investment Fund in the State Treasury with the provisions of
Government Code Section 16429.1 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 trustee or fiscal
agent of the Rohnert Park Financing Authority, shall be authorized
to order the deposit or withdrawal of monies in the Local Agency
Investment Fund: US Bank, until the Rohnert Park Financing
Authority notifies the Local Agency Investment Fund in writing of
any change in the trustee or fiscal agent.
DULY AND REGULARLY ADOPTED this 11th day of May 1999.
- - _(}~~!/a4 - - --
De7:t~ ty -;?:~~ - ~10;
G.
ROHNERT PARK FINANCING AUTHORITY
~~~?-
X;~~~~
ATTEST
FLORES AYE MACKENZIE AYE SPIRO AYE VIDAK-MARTINEZ AYE REll..L Y AYE
AYES: (5) NOES: (0) ABSENT: (0) ABSTAIN: (0)