HomeMy WebLinkAboutCC RES 78-1088
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RESOLUTION NO. 78-108
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF TUSTIN, REQUESTING THAT THE
CITY OF TUSTIN BE ACCEPTED AS A MEMBER
OF 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 Invest-
ment 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 provisions
of Section 16429.1 of the Government Code, and that
the City Administrator Dan Blankenship, Director of'
Finance Ed Bushong, Accounting Coordinator Loni Hamblin,
are hereby authorized, on behalf of the City %o order
deposits or withdrawals in the Local Agency Investment
Fund.
PASSED AND ADOPTED a% a regular meeting of the City
Council of the City of Tustin on the 2nd day of
October, 1978.
Mayor of ~he City of Tusti/~
ATTEST -
City of Tustin
i~STATE OF CALIFOP~;IA)
COUNTY OF ORANGE )SS
CITY OF TUST!N )
RUT}! C. POE, City Clerk and ex-officio Clerk of thc: City ~.
Council o.f the City of Tustin, California, does horeby
certify that the whole nu~J~er of the members of the City
Council of the City of Tustin is five; that the above and
foregoing Resolution No. 78-108 was duly and regularly
introduced, read, passed and adopted at:. a regular meeting
of tl~e City Council l~eld on the:. 2nd day of October ,
1978, by the following vote-
AYES -
NOES-
COUNCILMEN '
COUNCILMEN -
~__WE~SHr_ S_CHpSTE~_,.~. SH~A~,_SALTA .RE. LL!,__KENNEDY
NONE
ABSENT- COUNCIL;,IEN ' NONE
~i~y'cierk-~-~iity~Of TUstin, caiifo~nia