2006/01/10 City Council Resolution (9)RESOLUTION NO. 2006 -11
RESOLUTION OF THE CITY OF ROHNERT PARK AUTHORIZING CERTAIN
POSITIONS WITH THE POWER TO INVEST MONIES 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 money 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 as
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
Director of Administrative Services
Accounting Services Supervisor
DULY AND REGULARLY ADOPTED this 10th day of January, 2006.
ATTEST
bAtlx)-
City (
CITY OF ROHNERT PARK
yor Tim Smith
BREEZE: AYE FLORES: AYE MACKENZIE: AYE
VIDAK- MARTINEZ: AYE SMITH: AYE
AYES: (5) NOES: (0) ABSENT: (0) ABSTAIN: (0)