HomeMy WebLinkAboutReso - CC - 037-2009RESOLUTION NO, 37-2009
RESOLUTION OF THE BOARD OF DIRECTORS OF
THE BURLINGAME FINANCING AUTHORITY AUTHORIZING DEPOSIT OF
INVESTMENT MONIES AND BOND PROCEEDS IN THE STATE OF CALIFORNIA
LOCAL AGENCY INVESTMENT FUND
WHEREAS, pursuant to Government Code sections 16429.1 to 16429.4, the State has created
a Local Agency Investment Fund in the Treasury of the State of California for the deposit of money of
local agencies for the purposes of investment with the California State Treasurer; and
WHEREAS, The Board of Directors of the Burlingame Financing Authority hereby reaffirms
that the deposit and withdrawal of money into and out of the Local Agency hivestment Fund in
accordance with the provisions of the California Government Code are in the best interest of the
Burlingame Financing Authority;
NOW, THEREFORE, the Board of Directors of the Burlingame Financing Authority does
resolve as follows:
1. The Board of Directors authorizes the deposit and withdrawal of monies of the Burlingame
Financing Authority into and out of the Local Agency Investment Fund in the California State
Treasury in accordance with the provisions of the California Government Code 16429.1, for the
purpose of investment as stated herein, and further, the Board of Directors authorizes the State
treasurer's Office to verify all banking information provided in that regard.
2. The Board of Directors authorizes the following Authority officers or their successors in
office, to deposit or withdraw City of Burlingame monies into or out of the Local Agency Investment
Fund:
MARY ASTURIAS SHARI JACKSON
Financial Services Mgr. Assistant Deputy Treasurer
3. The Board of Directors directs that these authorizations and designations shall remain in
effect until such time as the Authority notifies the Local Agency Investment Fund in writing of any
changes.
1' �11M M • 0 - CO. 8
I, Mary Ellen Kearney, Secretary of the Burlingame Financing Authority, do hereby certify that
the foregoing Resolution was introduced at a regular meeting of the Board of Directors of the
Burlingame Financing Authority, held on the 20th day of April 2009, and was
adopted thereafter by the following vote:
AYES: COUNCILMEMBERS: DEAL, O'NAHONY, KEIGHRAN, NAGEL
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: BAYLOCK n _
MARY ELLEN KEARNEY, Citly Clerk