HomeMy WebLinkAboutRES CC 2003 2143 2003 1105RESOLUTION NO. 2003 -2143
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AUTHORIZING INVESTMENT OF CITY
MONIES IN THE LOCAL AGENCY INVESTMENT FUND, AND
REPEALING RESOLUTION NO 89 -586
WHEREAS, pursuant to Chapter 730 of the Statutes 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
is in the best interests of the City of Moorpark.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City Council does hereby authorize the
deposit and withdrawal of City 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; and
SECTION 2. 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:
Steven A. Kueny, City Manager
Cynthia L. Borchard, City Treasurer
Johnny Ea, Budget and Fijn3an ager
PASSED AND ADOPTED this/�th day of Novemb \r /2'R0I.
er, Mayor
ATTEST:
Deborah S. Traffenste�, City Clerk
Resolution No. 2003 -2143
Page 2
STATE OF CALIFORNIA )
COUNTY OF VENTURA )
CITY OF MOORPARK )
ss.
I, Deborah S. Traffenstedt, City Clerk of the City of
Moorpark, California, do hereby certify under penalty of perjury
that the foregoing Resolution No. 2003 -2143 was adopted by the
City Council of the City of Moorpark at a regular meeting held
on the 5th day of November, 2003, and that the same was adopted
by the following vote:
AYES: Councilmembers Harper, Mikos, Millhouse, Parvin
and Mayor Hunter
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this
14th day of November, 2003.
Deborah S. Traffenste City Clerk
(seal)