HomeMy WebLinkAboutReso 2017-161RESOLUTION NO.2017-161
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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT FUND
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 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 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.
BE IT FURTHER RESOLVED, as follows:
Section 1. The following City of Chula Vista officers holding the titles specified herein below 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
transactions contemplated hereby:
David Bilby Angelica Aguilar Mike Sylvia
NAME NAME NAME
Finance
Director/Treasurer
TITLE
SIGNATURE
Assistant Director of Finance Finance & Purchasing
& Treasury Manager Manager
TITLE TITLE
Section 2. This resolution shall remain in full force and effe
resolution and a copy of the resolution rescinding this
Treasurer's Office.
Funtil rescinded by City Council by
resolution is filed with the State
Resolution No. 2017-161
Page No. 2
Presented by
0 -w I
David Bilby, MSBA, CPF
Director of Finance/Treasurer
Approved as to form by
Gen R. ogins
Cit ey
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 12th day of September 2017 by the following vote:
AYES: Councilmembers: Aguilar, Diaz, McCann, Padilla, and Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
3L,
Mary alas, Mayor
ATTEST:
Kerry K.i elow, NR4C, Acting City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Kerry K. Bigelow, Acting City Clerk of Chula Vista, California, do hereby certify that the
foregoing Resolution No. 2017-161 was duly passed, approved, and adopted by the City Council
at a regular meeting of the Chula Vista City Council held on the 12th day of September 2017.
Executed this 12th day of September 2017.
Kerry K. Bi e ow, MMIP,,Acting City Clerk