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
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,,UITY CLERK