HomeMy WebLinkAboutSA Resolution 01-2012 (Transfer of Funds)1*14**4111111_ 1061010LOINIT9!
RESOLUTION OF THE CITY OF SAN RAFAEL AS SUCCESSOR
AGENCY TO SAN RAFAEL REDEVELOPMENT AGENCY TO
AUTHORIZE INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND
AGENCY ADDRESS: 1400 Fifth Avenue, San Rafael. CA 94915 Agency Phone: 415-458-5001
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 City of San Rafael as Successor Agency to the San Rafael Redevelopment
Agency 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 interests of the City of San Rafael as Successor
Agency to then San Rafael Redevelopment Agency.
NOW, THEREFORE, BE IT RESOLVED that the City of San Rafael as Successor Agency
to the San Rafael Redevelopment Agency does hereby authorize the deposit and withdrawal of
City of San Rafael as Successor Agency to the San Rafael Redevelopment Agency 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 of San Rafael as Successor Agency to
the San Rafael Redevelopment Agency officers or their successor in office shall be authorized to
order the deposit or withdrawal of monies in the Local Agency Investment Fund:
Nancy Mackle Jim Schutz currently vacant
City Manaqer
Assistant Citv Manaqer
Finance Director
1, ESTHER C. BEIRNE, Clerk of the City of San Rafael As Successor Agency to the San
Rafael Redevelopment Agency, hereby certify that the foregoing resolution was duly and
regularly introduced and adopted at a regular meeting of the City of San Rafael As Successor
Agency to the San Rafael Redevelopment Agency held on Monday, the 6th day of February,
2012, by the following vote, to wit:
AYES: COUNCILMEMBEIRS: Connolly, Levine, McCullough and Mayor Phillips
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBEIRS: Heller
k't
ESTHER C. BERNE, Clerk of the City of San Rafael
As Successor Agency to the San Rafael
Redevelopment Agency