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HomeMy WebLinkAboutRES 89-40RESOLUTION NO. 89-40 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR AUTHORIZING THE DEPOSIT AND WITHDRAWAL OF MONIES IN AND FROM THE LOCAL AGENCY INVESTMENT FUND IN ACCORDANCE WITH GOVERNMENT CODE SECTION 16429.1 FOR THE PURPOSES OF INVESTMENT WHEREAS, 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 money of a local agency (municipality) for purpose of investment by the State Treasurer; and WHEREAS, 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. NOW, THEREFORE, be it resolved that the City Council of the City of Diamond Bar does hereby authorize the deposit and withdrawal of City monies in Security Pacific Bank Account No. 734 104678 in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Government Code Section 16429.1. BE IT FURTHER RESOLVED that the following City officers or their successors in office are hereby authorized to order the deposit of monies in the Local Agency Investment Fund Robert L. Van Nort City Manager Tommye A. Nice Deputy City Clerk ADOPTED, APPROVED AND APPROVED this 6th day of June, 1989 ADOPTED, APPROVED AND APPROVED this 6th day of June, 1989 A I, Robert L. Van Nort, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Resolution was introduced at a regular meeting of the City Council of the City of Diamond Bar held on the 6th day of June, 1989, and was finally passed at a regular meeting of the City Council of the City of Diamond Bar held on the 6th day of June, 1989, by the following vote: AYES: Council Members: Miller, Forbing, Werner, Mayor Pro Tem Horcher and Mayor Papen NOES: Council Members: None ABSENT: Council Members: None ` ABSTAINED: Council Members: Non ATTE C er c oLtdlole- *City. a-- _ City of DiamoiS - Fi2►2'