Res 12-008RESOLUTION NO 12 -008
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF POWAY, CALIFORNIA, AS
SUCCESSOR AGENCY TO THE POWAY REDEVELOPMENT AGENCY
AUTHORIZING INVESTMENT OF 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 purposes of investment by
the State Treasurer; and
WHEREAS, The Poway 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 as Successor Agency
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Poway
as Successor Agency does hereby authorize the deposit and withdrawal of Successor
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 Treasurer's Office of all banking
information provided in that regard
BE IT FURTHER RESOLVED, that 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
John French
Administrative Services
Director
Andrew White
Finance Manager
Maria Weston
Senior Accountant
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Resolution No 12 -008
Page 2
PASSED, ADOPTED AND APPROVED by the City Council of the City of Poway as
Successor Agency to the Poway Redevelopment Agency at a regular meeting this 21' day
of February, 2012
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ATTEST
L__da,A/Troyan, MMC, City Clerk
STATE OF CALIFORNIA )
)SS
COUNTY OF SAN DIEGO )
I, Linda A. Troyan, MMC, City Clerk of the City of Poway, do hereby certify under
penalty of perjury that the foregoing Resolution No 12 -008 was duly adopted by the City
Council at a meeting of said City Council held on the 21 st day of February, 2012, and that it
was so adopted by the following vote
AYES BOYACK, GROSCH, MULLIN, CUNNINGHAM, HIGGINSON
NOES NONE
ABSENT NONE
DISQUALIFIED NONE
Linda A. Troyan, MMC, City Clerk
City d Poway