Resolution Number 16-12-12-03RESOLUTION NO . 16-12-12-03
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 AND REPEALING
RESOLUTION NO. 16-03-01-03
WHEREAS, The Local Agency Investment Fund is established in the State Treasury
under Government Code Section 16429.1 et. seq. for the deposit of money of a local
agency for purposes of investment by the State Treasurer; and,
WHEREAS, the City Council hereby finds that the deposit and withdrawal of money
in the Local Agency Investment Fund in accordance with Government Code Section
16429 .1 et. seq. for the purpose of investment as provided therein is in the best interests of
the City.
NOW, THEREFORE, BE IT RESOLVED, that the City Council hereby authorizes
the deposit and withdrawal of City monies in the Local Agency Investment Fund in the
State Treasury in accordance with the provisions of Government Code Section 16429.1 et.
seq. for the purpose of investment as provided therein.
BE IT FURTHER RESOLVED as follows :
Section 1. The following City officers holding the title(s) specified herein below or their
successors in office are each herby authorized to order the deposit or withdrawal of
monies in the Local Agency Investment Fund and may execute and deliver any and all
documents necessary or advisable in order to effectuate the purposes of this resolution
and the transactions contemplated hereby :
Ken Al-lmam Chief Financial Officer/City Treasurer, or
Benjamin Siegel City Manager, or
Jacob Green Assistant City Manager
Section 2 . This resolution shall remain in full force and effect until rescinded by the City
Council by resolution and a copy of the resolution rescinding this resolution is filed with the
State Treasurer's Office.
BE IT FURTHER RESOLVED that Resolution No. 16-03-01-03 is hereby repealed .
12/12/2016
PASSED, APPROVED, AND ADOPTED this 1ihday of December 2016.
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss .
CITY OF SAN JUAN CAPIS T RANO )
I, MARIA MORRIS, appointed City Clerk of the City of San Juan Capistrano, do hereby
certify that the foregoing Resolution No. 16-12-12-03 was duly adopted by the
CitX Council of the City of San Juan Capistrano at the Regular meeting thereof, held the
12t day of December 2016, by the following vote:
NCIL MEMBERS : Reeve, Patterson, Maryott, Farias and Mayor Ferguson
UNCIL MeM BERS : None
UNCIL MEMBERS : None
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