Res 03-085
RESOLUTION NO. 03-085
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF POWAY, CALIFORNIA,
APPROVING AND AUTHORIZING DEPOSIT OF MONIES
ON BEHALF OF THE CITY OF POWAY
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 purposes of investment by
the State Treasurer; and
WHEREAS, the City Council 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 is in the
best interests of the City of Poway.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as
follows:
Section 1: Authorizes the deposit and withdrawal of City of Poway 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 of all banking information provided in that
regard.
Section 2: The following City of Poway officers or their successors in office shall
be authorized to order the deposit or withdrawal of monies in the Local Agency Investment
Fund: ~--
Mickey Cafagna, Mayor
James L. Bowersox, City Manager
Penny Riley, Deputy City Manager
Warren H. Shafer, Director of Administrative Services
Peter Moote, Deputy Director of Administrative Services
PASSED, ADOPTED AND APPROVED by the City Council of the City of Poway
at a regular meeting this 4th day of November 2003.
Michae
Resolution No. 03-085
Page 2
STATE OF CALIFORNIA)
)SS
COUNTY OF SAN DIEGO)
I, Lori Anne Peoples, City Clerk of the City of Poway, do hereby certify under
penalty of perjury that the foregoing Resolution No. 03-085 was duly adopted by the City
Council at a meeting of said City Council held on the 4th day of November 2003, and that it
was so adopted by the following vote:
AYES: EMERY, GOLOBY, HIGGINSON, REXFORD, CAFAGNA
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE