HomeMy WebLinkAboutRES 2003-471
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RESOLUTION NO. 2003- 47
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DIAMOND BAR
AUTHORIZING INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT
FUND
WHEREAS, Pursuant to Chapter 730 of the statutes of 1976 Section 1642
added to the California Government Code to create a Local Agency Invest ner
the State Treasury for the deposit of money of a local agency for purposes f i
by the State Treasurer; and
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WHEREAS, the City Council does hereby find that the deposit and w thdrawa
money in the Local Agency Investment Fund in accordance with the provi ions of
Section 16429.1 of the Government Code for the purpose of investment a� stated
is in the best interest of the City of Diamond Bar.
NOW THEREFORE, BE IT RESOLVED, that the City Council do s hereby
authorize the deposit and withdrawal of the City of Diamond Bar monies 'in the Loc,
Agency Investment Fund in the State Treasury in accordance with the pro isions of
Section 16429.1 of the Government Code for the purpose of investment a stated thi
and verification by the State Treasurer's Office of all banking informatioin provided
in
that regard.
BE IT FUTHER RESOLVED, that the following City of Diamond I lar officei s or
their successors in office shall be authorized to order the deposit or withdiawal of n onii
in the Local Agency Investment Fund:
Linda C. Lowry
Linda G. Magnuson
City Manager
Finance Director
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Tommye Cribbins Acting Executive Asst.
Assistant City Clerk
PASSED, ADOPTED AND APPROVED this day of 2003
&�d ice.
Carol Herrera, Mayor
1, Nancy B. Whitehouse, Acting City Clerk of the City of Diamond Bar, do hereby
certify that the forgoing Resolution was passed, adopted and approved at a regular
meeting of the City Council of the City of Diamond Bar held on the 15th day of
Jul`, 2003, by the following vote:
AYES:, COUNCIL MEMBERS: Chang, O'Connor,
Zirbes, MPT/Huff,
NOES: COUNCILMEMBERS: Nnerrera
ABSENT: COUNCILMEMBERS: None
ABSTAINED: COUNCILMEMBERS: None
ATTEST: 7Cif
��Nantehouse, Acting City Clerkof thDiamond Bar