HomeMy WebLinkAboutCity Council Resolution 07-036oL~rTr~ ~ro.~~-~~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AUTHURIZING THE INVESTMENTS OF MONIES
~N THE LOCAL AGENCY INVESTMENT FUND (LATE)
~V~;~FAS, Pursuant t^ chapter 73~ of the statutes of 197 Section 1~~~~.1 was added to the California
overnrnent fade to create a Focal Agency investment Fund in the Stare Treasury for the deposit of money of a
local agenc}~ for purposes of ~nvesttnent b~ the tats Treasurer; and
~UI~FR~AS, the pity ~uncil does hereby find that the deposit and withdrawal Qf money in the Local
Agency It~vestrnent Fund ~n accordance with the prQVisions of Sectiar~1429.I of the ~avernrnent fade for the
purpose of investment as stated thcre~n as in the best interests oi' the pity,
New THI~REF~, BE IT RESOLVED, that the pity ~our~cil does hereby authorise the deposit and
withdrawal ^f the pity of ara.toga monies in the Local Agency Investment Fund in the State Treasury in
accordance with the p~`ovisions of Section 14~9.I of the overr~ment bode for the purpose of investment as
stated therein, and verification by the State Treasurer's ~ffce of all banl~ing in~armation provided its that regard.
l~E IT F>~"I~THER RESOLVED, that the t'ollowing the pity of Saratoga officers or their successors in
office shall be authorised to order the deposit ox withdrawal of monies in the T.ocal Agency Investment Fund:
its Mona ~r. _
~TITLE~
Assistant Cit Mana>er
(TITLE)
Finance & Administrative
Services Director
(TITLE)
Accounting supervisor
~TrT~ ~}
Dave Anderson
~NAI~}
Barbara Powe11
IAMB}
Marv 1~urey
.~,
Ai41F}
urrent~v vacant
~~~~~~
{SIGNATURE)
{SIGNATURE}
{SIGNATURE)
(SIGNATURE)
The above and ~areoing ~re~al uti~r~ vas based and adopted a~ a regular meeting of the aratoa pity
ounei~ he]d on the ~~th day of June ~~07 by the fo~~awing vote;
AYES: oucnx~n~ernbers J~1~ ~Iunter, Iathien Ding, ~hcul~ gage, dice Mayor Ann alto~nm~th,
Mayor Alleen I~ao
~~: None
A~S~NT: bone
A~BS~'A.~~'; None
/:~~7~ ~ - - - -
Aileen Kao, Mayor