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HomeMy WebLinkAboutReso - CC - 015-2004RESOLUTION OF THE BURLINGAME FINANCING AUTHORITY RESOLUTION NO. 15-2004 RESOLUTION AUTHORIZING DEPOSIT OF BOND PROCEEDS AND INVESTMENT MONIES WITH STATE LOCAL AGENCY INVESTMENT FUND RESOLVED, by the Governing Board of the Burlingame Financing -Authority: 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 Board of Directors 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 purpose of investment as stated therein are in the best interests of the Financing Authority; and NOW, THEREFORE, IT IS RESOLVED AND ORDERED: 1. The Board of Directors does hereby authorize the deposit and withdrawal of Authority monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Government Code section 16429.1 for the purpose of investment as stated in this resolution, and verification by the State Treasurer's Office of all banking information provided in that regard. 2. The following Authority officers or their successors in office are hereby authorized to order the deposit or withdrawal of monies in the State Local Agency Investment Fund: MARY ASTURIAS LINDA FREITAS SHARI JACKSON Assistant Controller Deputy Treasurer , Assistant Deputy Treasurer 7 � /tel e 3. These authorizations and designations shall be in effect until the Authority notifies the Local Agency Investment Fund in writing of any changes. leu: ► ?, D/ nom.„ CHAIR I, ANN T. WSSO, Secretary of the Burlingame Financing Authority, do hereby certify that the foregoing resolution was introduced at a regular meeting of the Governing Board of the Burlingame Financing Authority held on the I' day of March, 2004, and was adopted thereafter by the following vote: AYES: BOARD MEMBERS: BAYLOCK, COFFEY, GALLIGAN, NAGEL, O'MAHONY NOES: BOARD MEMBERS: NONE ABSENT: BOARD MEMBERS: NONE 11I41 . , UJ�'LGI C� SECRETARY C:\FQ.ES\FinweingAuthority\investmentblanket.res.wpd