HomeMy WebLinkAboutCC Resolution 11198 (Deposit & Withdawl of Monies)RESOLUTION NO. 11198
A RESOLUTION OF THE SAN RAFAEL CITY COUNCIL
AUTHORIZING THE DEPOSIT AND WITHDRAWAL OF MONIES
AND AUTHORIZING OFFICERS OR THEIR SUCCESSORS TO
ORDER DEPOSITS OR WITHDRAWALS OF 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 investment by the State Treasurer;
and
WHEREAS, the City Council 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 for investment as stated therein is in the best interest of the
City of San Rafael;
NOW THEREFORE, BE IT RESOLVED, that the City Council does hereby authorize the deposit and
withdrawal of City of San Rafael 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 officers or their successors in
office shall be authorized to order the deposit or withdrawal of monies in the Local Agency
Invest nt Fund:
ROD GOULD KENN NORDHOFF DENNIS SHIVES
City Manager Asst. City Manager Asst. Dir. Management Services
I, Jeanne M. Leoncini, Clerk of the City of San Rafael, hereby certify that the foregoing
Resolution was duly and regularly introduced and adopted at a regular meeting of the San
Rafael City Council held on November 18, 2002, by the following vote, to wit:
AYES: Councilmembers: Heller, Miller and Vice -Mayor Cohen
NOES: Councilmembers: None
ABSENT: Councilmembers: Phillips and Mayor Boro
JEA M LEONCINI, City Clerk
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