HomeMy WebLinkAboutRES 93-14RESOLUTION NO. 93- 14
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DIAMOND BAR AUTHORIZING THE DEPOSIT AND
WITHDRAWAL OF MONIES IN AND FROK THE LOCAL
AGENCY INVESTMENT FUND IN ACCORDANCE WITH
GOVERMENT CODS SBCTION 16429.1 FOR THE
PURPOSES OF INVESTl�1'P
A.
(i) Pursuant to Chapter 730 of the Statutes of 1976,
California Government Code Section 16429.1 was added to create a
Local Agency Investment Fund in the State Treasury for the deposit
of local agency (municipality) for the purpose of investment by the
State Treasurer; and
(ii) The City Council of the City of Diamond Bar does
hereby find that the deposit and withdrawal of money in the Local
Agency Investment Fund, in accordance with government Code Section
16429.1 for the purposes of investment as stated therein, is in the
best interests of the City of Diamond Bar.
B. RESOLUTION.
NOW THEREFORE, be it resolved by the City Council of the
City of Diamond Bar follows:
1. The City Council of the City of Diamond Bar does
hereby authorize the deposit/withdrawal of City monies in First
Interstate Bank to and from the Local Agency Investment Fund in the
State Treasury in accordance with the provisions of Government Code
Section 16429.1.
2. The Following City officers or their successors in —
office are hereby authorized to order the deposit of monies in the
Local Agency Investment Fund:
City Manager - Terrence L Belanger
Accounting Manager - Linda G. Magnuson
Deputy City Clerk - Tommye A. Nice
PASSED, ADOPTED AND APPROVED this 16th day of
March , 1993.
Mayor _-
I, LYNDA BURGESS, City Clerk of the City of Diamond Bar,
do hereby certify that the foregoing Resolution was passed, adopted
and approved at a regular meeting of the City Council of the City
of Diamond bar held on the 16th day of March , 1993, by the
following vote:
AYES: COUNCIL MEMBERS: Mayor Pro Tem Papen,
Forbing, MacBride, Mayor Millet
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAINED: COUNCIL MEMBERS: Werner
ATTEST:
City t'.%erk o_ t%e
City a3 Dimond Fier