2012/01/24 City Council Resolution 2012-16Deputy
RESOLUTION NO. 2012-16
RESOLUTION OF THE CITY OF ROHNERT PARK
AUTHORIZING CERTAIN POSITIONS WITH THE POWER TO INVEST FUNDS IN
THE 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 Agency Investment Fund in the State Treasury for
the deposit of money of a local agency for purposes of investments by the State Treasurer; and
WHEREAS, the City of Rohnert Park does hereby find that the deposit and withdrawal of
monies in the Local Agency Investment Fund in accordance with the provisions of Section 16429.1
of the Government Code for the purpose of investment as stated therein is in the best interest of the
City.
NOW THEREFORE, BE IT RESOLVED that the City of Rohnert Park does hereby authorize
the deposit and withdrawal of City 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, and verification by the State Treasurer's Office of all
banking information provided in that regard.
BE IT FURTHER RESOLVED, that the following City positions of the City of Rohnert Park
shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment
Fund:
City Manager
Finance Director
Utility. Billing and Revenue Supervisor
DULY AND REGULARLY ADOPTED this 24th day of January, 2012.
r
AHANOTU: AYE BELFORTE: AYE CALLINAN: AYE STAFFORD: AYE MACKENZIE: AYE
AYES: (S) NOES: (0) ABSENT: (0) ABSTAIN: (0)