HomeMy WebLinkAboutr10393cityofsloauthorizinginvestmentofmoniesinthelocalagencyinvestmentfundRESOLUTION NO . 10393 (2012 Series )
A RESOLUTION OF THE CITY OF SAN LUIS OBISPO AUTHORIZING
INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUN D
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 Stat e
Treasury for the deposit of money of a local agency for purposes of investment by the Stat e
Treasurer; an d
WHEREAS,the Council of the City of San Luis Obispo does hereby find that the deposit
and withdrawal of money in the Local Agency Investment Fund in accordance with th e
provisions of Section 16429 .1 of the Government Code for the purpose of investment as state d
therein is in the best interests of the City of San Luis Obispo .
NOW, THEREFORE, BE IT RESOLVED that the Council does hereby authorize th e
deposit and withdrawal of City of San Luis Obispo monies in the Local Agency Investment Fun d
in the State Treasury in accordance with the provisions of Section 16429 .1 of the Governmen t
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 Luis Obispo officers o r
their successors in office shall be authorized to order the deposit or withdrawal of monies in th e
Local Agency Investment Fund :
Katie Lichtig, City Manage r
Michael Codron, Assistant City Manage r
Charles Bourbeau, Director of Finance and Information Technolog y
Vacant, Finance Manage r
Jennifer Thompson, Revenue Superviso r
Sallie McAndrew, Accounting Superviso r
Upon motion of Council Member Smith, seconded by Council Member Carter, and on th e
following roll call vote :
AYES :
Council Members Ashbaugh, Carter and Smith, Vice Mayor Carpenter an d
Mayor Marx
NOES :
Non e
ABSENT : None
R 10393
Resolution No . 10393 (2012 Series )
Page 2
The foregoing resolution was adopted this 4th day of September 2012 .
ATTEST :
Maeve K edy Gr'!e s
City Clerk
J .r pristine Dietric k
City Attorney