HomeMy WebLinkAboutRDA Reso 2004-1884
RDA RESOLUTION NO. 2004-1884
(City Council Resolution No. 2004-262)
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 ofChula Vista and the Redevelopment Agency of the City
of Chula Vista.
NOW, THEREFORE, BE IT RESOLVED that the City Council and Redevelopment
Agency of the City of Chula Vista do 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 ofChula 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:
Maria Kachadoorian
Director of Finance/Treasurer
Phillip Davis
Assistant Director of Finance
City of Chula Vista/Redevelopment Agency
276 Fourth Avenue
Chula Vista, CA 91910
(619) 691-5051, ext. 3414
RDA Resolution No. 2004-1884
Page 2
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Presented by
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Maria achadoonan
Finance Director
Approved as to form by
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Ann Moore
City Attorney
PASSED, APPROVED, and ADOPTED by the Redevelopment Agency of the City of
Chu1a Vista, California, this 3rd day of August 2004, by the following vote:
AYES:
Agency Members:
Davis, McCann, Rindone, Salas, and Padilla
NAYES:
Agency Members:
None
ABSENT:
Agency Members:
None
ABSTAIN:
Agency Members:
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Stephen C. Padilla, Chairman
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ATTEST:
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Laurie A. Madigan, Secretary of the Chula Vista Redevelopment Agency, do hereby certify
that the foregoing City Council Resolution No. 2004-262/Redevelopment Agency Resolution
No. 2004-1884 was duly passed, approved, and adopted by the 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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