HomeMy WebLinkAboutResolutions - No. 2007-42RESOLUTION NO. 2007-42
A RESOLUTION OF THE LODI CITY COUNCIL
GRANTING SIGNATURE AUTHORITY TO CERTAIN
CITY STAFF FOR INVESTMENT OF MONIES IN
THE LOCAL AGENCY INVESTMENT FUND
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 Lodi 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
interest of the City of Lodi.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the deposit and withdrawal of City of Lodi 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
BE IT FURTHER RESOLVED that the following City of Lodi officers or their successors
in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency
Investment Fund: .0 /r ,
Kirk Evans
Budget Manager
Jim Krueger
Deputy City Manager/
Internal Services Director
Ruby Paiste
Financial Services Manager
Dated: March 21, 2007
(Signature)
(Signature)
-Q. 4i a%,cUu
ignature)
I hereby certify that Resolution No. 2007-42 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held March 21, 2007, by the following vote:
AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Katzakian, Mounoe, and
Mayor Johnson
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — Non,
ANDI JOHL
City Clerk
2007-42