Resolution Number 06-08-15-03RESOLUTION NO. 06-08-15-03
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, AUTHORIZING THE INVESTMENT OF CITY
MONIES IN THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, Pursuant to Chapter 730 of the statutes of 1976 Section 164 9.1 was
added to the California Government Code to create a Local Agency Investment F nd in the
State Treasury for the deposit of money of a local agency for purposes of inves ment by
the State Treasurer; and,
WHEREAS, the City Council does hereby find that the deposit and withdrawal of
money in the Local Agency Investment Fund in accordance the with provisions of Section
16429.1 of the Government Code forthe purpose of investment as stated therein as in the
best interests of the City.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the Ci of San
Juan Capistrano does hereby authorize the deposit and withdrawal of City mon. sin the
Local 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 as state therein,
and verification by the State Treasurer's Office of all banking information provid d in that
regard.
BE IT FURTHER RESOLVED that the following City officers or their successors in
office shall be authorized to order the deposit or withdrawal of monies in the Local Agency
Investment Fund:
Cynthia L. Russell City Treasurer/Administrative Services Director or
David Adams Deputy City Treasurer/City Manager
PASSED, APPROVED, AND ADOPTED this 15th day of Augu
IN,
Page 1 of 1 August 15, 2006
so
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do hereby certify
that the foregoing Resolution No. 06-08-15-03 was dulyadopted bythe City Council of the City of San Juan
Capistrano at a Regular meeting thereof, held the 15`" day of August 2006, by the following vote:
AYES: COUWILMEMBERS: Hart, Bathgate, Allevato, Soto and Mayor Swerdlin
NOES: CO�pOpp{{�J EMB None
ABSENT: I None
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