HomeMy WebLinkAbout2022-10 CC ResolutionRESOLUTION NO.2022-10
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA AUTHORIZING INVESTMENT OF
MONIES IN THE LOCAL AGENCY INVESTMENT FUND
AND RESCINDING RESOLUTION NO.04-02
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 of the City of Temecula (the "City") desires to rescind
Resolution No. 04-02 which previously authorized investment of monies in the Local Agency
Investment Fund; 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 rescinds
Resolution No. 04-02 effective February 8, 2022.
BE IT FURTHER RESOLVED, as follows:
Section 1. 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
Government Code section 16429.1 et. seq. for the purpose of investment as provided therein.
Section 2. The following City officers holding the title(s) specified hereinbelow or their
successors in office are each hereby 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 transactio ontemplated
hereby: / V n
Aaron Adams
(Name)
Kevin Hawkins
(Name)
City Manager
(Title)
Assistant City Manager
(Title)
Jennifer Hennessy Director of Finance
(Name) (Title)
Section 3. This resolution shall remain in full force and effect until rescinded by City
Council by resolution and a copy of the resolution rescinding this resolution is filed with the State
Treasurer's Office.
Section 4. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula
this 8th day of February, 2022.
ATTEST:
Randi Jo , ity Clerk
[SEAL]
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Matt Rahn, Mayor
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, City Clerk of the City of Temecula, do hereby certify that the foregoing
Resolution No. 2022-10 was duly and regularly adopted by the City Council of the City of
Temecula at a meeting thereof held on the 81h day of February, 2022, by the following vote:
AYES: 5 COUNCIL MEMBERS: Alexander, Edwards, Rahn, Schwank,
Stewart
NOES: 0 COUNCIL MEMBERS: None
ABSTAIN: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
Randi Johl, City Clerk
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