HomeMy WebLinkAboutCC RES 82-91RESOLUTION NO. 82-91
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN,
CHANGING AUTHORIZATION FOR DEPOSITS OR WITHDRAWALS ON
BEHALF OF THE CITY IN THE LOCAL AGENCY INVESTMENT FUND.
WHEREAS, Section 16429.1 of the Government Code establishes the Local Agency
Investment Fund within the Office of the State treasurer; and
WHEREAS, the establishment of the Local Agency Investment Fund allows
governmental units to deposit surplus monies with the State Treasurer for the
purpose of investment; and
WHEREAS, the City Council of the City of Tustin 'feels that it would be in the
best interest of the citizens of Tustin tO have as diversified an investment
portfolio as possible;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUSTIN DOES RESOLVE that the
City of Tustin agrees to deposit or withdraw monies in the Local Agency
Investment Fund in the State Treasury, in accordance with the provision of
SectionI 16429.1 of the Government Code, and that the Director of Finance
Ronald A. Nault, Finance Coordinator Loni Hamblin, and/or their successors ar(
hereby authorized, on behalf of the City to order deposits or withdrawals in
the Local Agency Investment Fund.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Tustin on the 20th day of December, 1982.
Mayor
ATTEST'
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
MARY E. WYNN, City Clerk and ex-officio Clerk of the City Council of the City of
Tustin, California, does hereby certify that the whole number of the members of
the City Council of the City of Tustin is five; that the above and foregoing
Resolution No. 82-91 was duly and regularly introduced, passed and adopted at a
regular meeting of the City Council held on the 20th day of December: 1982, by the
following vote:
AYES :. COUNCILPERSONS: Edgar~ Kennedy, Saltarelli
NOES : COUNCILPERSONS: Greinke
ABSENT: COUNCILPERSONS: Hoesterey
MARY E. WYNN, CitkClerk
City of Tustin, C~lifornia