HomeMy WebLinkAboutReso 2004-262
RESOLUTION NO. 2004-262
(AGENCY RESOLUTION NO. 1884)
RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA AUTHORIZING INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND (LAIF) AND
DESIGNATING THE DIRECTOR OF FINANCE/TREASURER
AND ASSISTANT DIRECTOR OF FINANCE AS
AUTHORIZED SIGNATURES FOR LAIF TRANSACTIONS
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 City Council and the Redevelopment Agency 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 as in the best interests of the City Of Chula Vista and the Redevelopment Agency of the
City ofChula Vista.
NOW, THEREFORE, BE IT RESOLVED that the City Council and Redevelopment
Agency of the City of Chula Vista does hereby authorize the deposit and withdrawal of City of
Chula Vista and Redevelopment Agency of the City of Chula Vista 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 for all banking information provided in that regard.
BE IT FURTHER RESOLVED, that the following City of Chula Vista and
Redevelopment Agency of the City of Chula Vista officers or their successors in office shall be
authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund:
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MariZKachadoorian
Dire tor of Fmance/Treasurer
~~
Phillip Davis
Assistant Director of Finance
City Of Chula VistaJRedevelopment Agency
276 Fourth Avenue
Chula Vista, CA 91910
(619) 691-5051 ext 3414
Resolution 2004-262
Page 2
Presented by
Approved as to form by
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Marij Kachadoori
Finance Director
~~
Ann Moore
City Attorney
PASSED, APPROVED, and ADOPTED by the City Council and the Redevelopment
Agency of the City of Chula Vista, California, this 3rd day of August, 2004, by the following
vote:
AYES:
Agency/Councilmembers: Davis, McCarm, Rindone, Salas and Padilla
NAYS:
Agency/Councilmembers: None
ABSENT:
Agency/Councilmembers: None
ATTEST:
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Stephen C. Padilla, Mayor/Chair
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Susan Bigelow, MMC, City lerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
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I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing City
Council Resolution No. 2004-262/Redevelopment Agency Resolution No. 1884 was duly
passed, approved, and adopted by the City Council and Redevelopment Agency at a regular
meeting held on the 3rd day of August, 2004.
Executed this 3rd day of August, 2004.
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Susan Bigelow, MMC, City lerk