RES-10172 Authorizing Investment of Monies in Local Agency Investment FundRESOLUTION NO. 10172
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE AUTHORIZING INVESTMENT
OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the statues of 1976 Section 16429.1 was added
to the California Government Code to create a Local Agency Investment Fund in the State
Treasury for the deposit of money of a local agency for purposes of investment 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 with the provisions of Section
16429.1 of the Government Code for the purpose of investment as stated therein are in the best
interests of the City of Orange.
NOW THEREFORE, BE IT RESOLVED, that the City Council does hereby
authorize the deposit and withdrawal of the City of Orange monies in the Local Agency
Investment Fund in the State Treasury in accordance with the provisions of Section 16429.1 of
the Government Code for the purpose of investment as stated therein, and verification by the
State Treasurer's Office of all banking information provided in that regard.
BE IT FURTHER RESOLVED, that the following City of Orange officers or their
successors in office shall be authorized to order the deposit or withdrawal of monies in the
Local Agency Investment Fund:
Helen Y. Walker
Name)
Richard Jacobs
Name)
David Christian
Name)
Citv Treasurer Finance Director
Title) ~} .'\. .cIJ.'.k:)'7 } /
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J y,,-Sig~ re) (
Signatur Assistant Finance
Director Title)dr1MI(
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gnature)Leila
Hoopii
Name)Josephine
Chan
Name)Principal
Financial
Analvst Title)ct. ~.~
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Investment/
Revenue
Officer Title)t
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l,v...t.~I, ) (Signature)
ADOPTED this loth day of July, 2007.
f Orange
ATTEST:
i
Mary E",
I MARY E. MURPHY, City of the City of Orange, California, do hereby certify
that the foregoing Resolution was duly and regularly adopted by the City Council of the City of
Orange at a regular meeting thereof held on the 10th day of July, 2007, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCILMEMBERS: Smith, Murphy, Cavecche, Dumitru, Bilodeau
COUNCILMEMBERS: None
COUNCILMEMBERS: None
COUNCILMEMBERS: None
tt~:. [l~~<...
Mary EJ"f ' City Clerk, City.
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