HomeMy WebLinkAboutCDC/2003-44
I
2
3
4
5
6
7
8
9
10
II
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
'I
RESOLUTION NO.
CDC/2003-44
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AUTHORIZING
THE INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND, AND AUTHORIZING CERTAIN ECONOMIC
DEVELOPMENT AGENCY EMPLOYEES TO DEPOSIT AND
WITHDRA W MONIES FROM SAID FUND.
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 Community Development Commission ("Commission")
does hereby fmd 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 is in the best
interest ofthe Economic Development/Redevelopment Agency ("Agency"); and
WHEREAS, the Commission hereby deems it desirable to authorize
certain Agency employees to deposit and withdraw monies from the Local Agency
Investment Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY
DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO,
AS FOLLOWS:
Section 1. That the Commission does hereby authorize the deposit and
withdrawal of Agency 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
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
CDC/2003-44
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AUTHORIZING
THE INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND, AND AUTHORIZING CERTAIN ECONOMIC
DEVELOPMENT AGENCY EMPLOYEES TO DEPOSIT AND
WITHDRAW MONIES FROM SAID FUND.
Treasurer's Office of banking information provided in that regard.
Section 2. That the following Agency officers or their successors in office
shall be authorized to order the deposit or withdrawal of monies in the Local
Agency Investment Fund: Executive Director, who shall delegate authority to the
Administrative Services Director, the Accounting Manager and the Senior
Financial Administrative Analyst.
Section 3. This Resolution shall take effect upon the date of its adoption.
II
II
II
II
II
II
II
II
II
II
II
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
I
CDC/2003-44
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF SAN BERNARDINO, CALIFORNIA, AUTHORIZING
THE INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND, AND AUTHORIZING CERTAIN ECONOMIC
DEVELOPMENT AGENCY EMPLOYEES TO DEPOSIT AND
WITHDRAW MONIES FROM SAID FUND.
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by
the Community Development Commission of the City of San Bernardino at a
jt. regular meeting thereof, held on the 15th day of Dee ember ,2003 by
the following vote, to wit:
COMMISSION MEMBERS AYES NAYS ABSTAIN ABSENT
ESTRADA X
--
LONGVILLE X
--
MCGINNIS X
--
DERRY X
--
SUAREZ X
--
ANDERSON X
MCCAMMACK
The foregoing Resolution is hereby approved this I kTA day of Dee. ,2003.
J t alles, Chairperson
mmunity Development
ommission of the City of
San Bernardino
By: