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HomeMy WebLinkAboutReso - CC - 017-2003RESOLUTION NO. 17-2003 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME AUTHORIZING INVESTMENT OF MONIES IN THE STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND RESOLVED, by the City Council of the City of Burlingame: WHEREAS, the California Government Code creates a Local Agency Investment Fund in the State of California Treasury for the deposit of money of local agencies for purposes of investment by the State Treasurer; and WHEREAS, the City Council hereby affirms that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of the Government Code and the City's Investment Policy are in the best interests of the City of Burlingame; and NOW, THEREFORE, IT IS ORDERED AS FOLLOWS: 1. The deposit and withdrawal of funds of the City of Burlingame 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 is hereby authorized. 2. The following City officers or their successors in office are hereby authorized to order the deposit or withdrawal of proceeds in the State Local Agency Investment Fund: JESUS NAVA LINDA FREITAS SHARI JACKSON Finance Director Deputy Treasurer Assistant Deputy Treasurer 3. These authorizations and designations shall be in effect until the City notifies the Local Agency Investment Fund in writing of any changes. I, ANN T. MUSSO, City Clerk of the City of Burlingame, do hereby certify that the foregoing resolution was introduced at a regular meeting of the City Council held on the3rd day ofFebruary 2003, and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: BAYLOCK, COFFEY, CALLIGAN, JANNEY, O'MAHONY NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE i %LG ,,UITY CLERK