HomeMy WebLinkAboutReso 1977-8507RESOLUTION NO. $507
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AUTHORIZING THE USE OF THE LOCAL AGENCY INVEST-
P~IENT FUND UNDER THE OFFICE OF THE CALIFORNIA STATE
TREASURER AS AN INVESTMENT MEDIA ALTERNATIVE
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, Article II (commencing with Section 16429.1) has
been added to Chapter 2 of Part 2 of Division 4 of Title 2 of the
Government Code, and
WHEREAS, this Government Code addition provides for the
creation of the Local Agency Investment Fund under the office of the
California State Treasurer and the establishment of the Local Invest-
ment Advisory Board and prescribes various duties for the Board, and
WHEREAS, it is deemed wise and prudent to establish an
account with the office of the California State Treasurer for the
purpose of using the Local Agency Investment Fund as an investment
media alternative.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA
DOES HEREBY RESOLVE AS FOLLOWS:
Section 1: That the City Council of the City of Chula Vista
hereby authorizes the establishment of an investment account with the
office of the California State Treasurer Local Agency Investment Fund
titled:
City of Chula Vista
276 Fourth Avenue
Chula Vista, CA. 92010
Attention: Gordon K. Grant, Director of Finance
Section 2: That the City Council of the City of Chula Vista
agrees to deposit or withdraw money in the Local Agency Investment
Fund in the State Treasury in accordance with the provisions of Sec-
tion 16429.1 of the Government Code for the purpose of investment as
stated therein.
Section 3: That the City Council of the City of Chula Vista
authorizes the following named officials to order the deposit or with-
drawal of money in the Local Agency Investment Fund:
Gordon K. Grant, Director of Finance
Rene P. Franken, Chief Accountant
Presented by
Approved as to Form by
i A f/l
for on K. Grant, Director off- ~ George Lind erb~g, City Att /ey
Finance
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 15th day Of February
197 ~ by the following vote, to-wit:
AYES: Councilmen- Cox, Scott, Eadahl, Hobel, Hyde
NAYES: Councilmen None
ABSTAIN: Councilmen None
ABSENT: Councilmen None
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Mayor of the ity of Chula Vista
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City Clerk ,
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STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
DATED
(seal)
,and that the same has not been amended or repealed.
City Clerk
CC-660