HomeMy WebLinkAbout23017 RESOLUTION NO. 23017
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, RESCINDING
RESOLUTION NO. 12129 AND AUTHORIZING THE
INVESTMENT, DEPOSIT, AND WITHDRAWAL OF CITY
OF PALM SPRINGS MONIES IN THE LOCAL AGENCY
INVESTMENT 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 the purposes
of investment by the State Treasurer; and
WHEREAS, the City of Palm Springs does hereby find that the deposit and
withdrawal of monies in the Local Agency Investment Fund, in accordance with the
provisions of Section 16429.1 of the Government Code, for the purposes of investment
as stated therein, to be in the best interests of the City of Palm Springs.
NOW THEREFORE THE CITY COUNCIL DETERMINES, RESOLVES AND
APPROVES ROVES AS FOLLOWS:
SECTION 1. That the deposit and withdrawal of City of Palm Springs 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, is hereby authorized.
SECTION 2. That the following City of Palm Springs officers or their successors
in office shall be authorized to order the deposit or withdrawal of monies in the Local
Agency Investment Fund:
Geoffrey S. Kiehl - Director of Finance and Treasurer
James Thompson - City Clerk
Nancy Klukan -Assistant Director of Finance
Robert Burkholder - Accountant (Deputy Treasurer)
ADOPTED THIS 7TH DAY OF SEPTEMBER, 2011.
ATTEST: David H. Ready, i Hager
jmes Thompson, City Clerk
Resolution No. 23017
Page 2
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, California, hereby certify
that Resolution No. 23017 is a full, true and correct copy, and was duly adopted at a
regular meeting of the City Council of the City of Palm Springs on this 7 h day of
September, 2011, by the following vote:
AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Mills,
Mayor Pro Tern Weigel, and Mayor Pougnet.
NOES: None
ABSENT: None.
ABSTAIN: None.
Ames Thompson, City Clerk
City of Palm Springs, CaliforniaCR/Zrizo I