HomeMy WebLinkAboutCC RES 78-444
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RESOLUTION NO. 78-44
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 Michael Day, Accounting Coordinator Loni Hamblin,
is 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
March, 1978.
ATTEST:
City~C~erk of the city-0~-Tustin
STATE OF CALIFOF~;IA)
COUNTY OF O]L\::GE )SS
CITY OF TUSTIN )
· ·
·
RUTII C. POE, City Clerk and ex-officio Clerk of the City
Council o£ tho City o~ Tustin, California, does hereby
certify that the whole' nur~ber of tho members of tho City
Council of the City of Tustin is five; that the above and
foregoing Resolution No.._.7~-_44.. was duly and regularly
introduced, read, passed and adopted at a regular meeting
of tl~e City Council held on the . __ ~0t-_h ~ day of
1978, by the following vote:
·
·
AYES:
CO.UNCII2.~EN'._.W_E_L. SH_,- S~!~USTER,_ S.A. LT~ELLI, ..... SHARP.._., KEN. NEDY .... _~
ABSENT-
COUNCILMEN ' NONE
~i~ty "Ci-e r k,
C~of Tustin, California
· ·