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RESOLUTION OF THE BURLINGAME FINANCING AUTHORITY
RESOLUTION NO.02-2001
RESOLUTION AUTHORIZING DEPOSIT OF BOND PROCEEDS WITH STATE
LOCAL AGENCY INVESTMENT FUND
RESOLVED, by the Governing Board of the Burlingame Financing Authority:
WHEREAS, the Authority is preparing to issue bonds in order to finance the
construction of a corporation yard for the City of Burlingame; and
WHEREAS, the proceeds from this bond issue should be invested so that the proceeds
will accrue interest to the benefit of the public; and
WHEREAS, Government Code section 16429.1 creates a Local Agency Investment
Fund in the State Treasury for deposit of money of a local agency for purposes of investment by
the State Treasurer; and
WHEREAS, the deposit and withdrawal of proceeds from the State Local Agency
Investment Fund of the proceeds from the Lease Revenue Bonds, Series 2001, is in the best
interests of the Financing Authority and the bondholders,
NOW, THEREFORE, IT IS RESOLVED AND ORDERED:
1. The deposit and withdrawal of Authority proceeds 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 Authority officers or their successors in office are hereby authorized to
order the deposit or withdrawal of proceeds in the State Local Agency Investment Fund:
RAHN BECKER LINDA FREITAS SHARI JACKSON
Finance Director Deputy Treasurer Assistant Deputy Treasurer
3. These authorizations and designations shall be in effect until the Authority notifies the
Local Agency Investment Fund in writing of any changes.
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I, ANN T. MUSSO, Secretary ofthe 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 16TH day of JULY . 2001, and was
adopted thereafter by the following vote:
AYES: BOARD MEMBERS: COFFEY, GALLIGAN, O'MAHONY; SPINELLI
NOES: BOARD MEMBERS: NONE
ABSENT: BOARD MEMBERS: NONE
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