HomeMy WebLinkAbout90-012 CC ResolutionRESOLUTION NO. 90-12
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA AUTHORIZING INVESTMENT OF CITY MONIES
IN THE LOCAL AGENCY INVESTMENT FUND
The City Council of the City of Temecula finds as follows:
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 as in the best interests of
the City of Temecula.
NOW, THEREFORE, BE IT RESOLVED, that the City Council does hereby authorize
the deposit and withdrawal of City of Temecula 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.
BE IT FURTHER RESOLVED, that the following City of Temecula officers or their
successors in office shall be authorized to order the deposit or withdrawal of monies in the Local
Agency Investment Fund.
Ronald J. Parks Mayor
Name Title
Karel F. Lindemans Mayor Pro Tem
Name Title
F. D. Aleshire City Manager
Name Title
Stg r~
Signature
Ronald J. Parks, Mayor
ATTEST:
F. D. Aleshire, City Clerk
[SEAL]
Resos 90-12
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS
CITY OF TEMECULA )
I, F. D. Aleshire, City Clerk of the City of Temecula, HEREBY DO CERTIFY that the
foregoing Resolution 90-12 was duly adopted at a regular meeting of the City Council of the
City of Temecula on the 13th day of February, 1990, by the following Roll call vote:
AYES: 5
COUNCILMEMBERS:
Birdsall, Lindermans, Moore,
Mufioz, Parks
NOES:
0 COUNCILMEMBERS: None
ABSENT: 0 COUNCILMEMBERS: None
F. D. Aleshire, City Clerk
Resos 90-12