R 1804
RESOLUTION NO. 1804
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARROYO GRANDE AUTHORIZING THE DEPOSIT OF
CITY FUNDS IN VARIOUS LOCAL BANKS AND SAVINGS
INSTITUTIONS.
WHEREAS, the City of Arroyo Grande normally has excess monies not currently
needed to pay operating expenditures, and such excess monies are currently
deposited by prior agreement with either Mid-State Bank, Bank of America, or the
State Local Agency Investment Fund;
NOW, THEREFORE, be it resolved by the City Council of the City of Arroyo
Grande as follows:
1. That the Arroyo Grande City Finance Director is hereby authorized
to enter into agreements to deposit or withdraw money with other local
Federal or State chartered and insured banks and savings institutions, upon
determination of financial soundness of such financial organizations.
2. That David E. Bacon, City Finance Director; Robert Mack, City
Manager; or JoAnn Wizemann, City Treasurer, are hereby authorized to order
the deposit or withdrawal of the City of Arroyo Grande money in such other
local banks and savings institutions on behalf of the City of Arroyo Grande,
p. O. Box 550, Arroyo Grande, California, 93420.
On motion of Council Member Vandeveer, seconded by Councilman Hogan,
and on the following roll call vote, to wit:
AYES: Councilmen Gallagher, Hogan, Millis, Vandeveer and Mayor Smith
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted the 9th day of October 1984.
t3.~~
MAYOR
ATTEST:
CITY CLERK
I, Virginia L. Culp, Deputy City Clerk of the City of Arroyo Grande, County
of San Luis Obispo, State of California, do hereby certify that the foregoing
Resolution No. 1804 is a true, full and correct copy of said Resolution passed
and adopted at a regular meeting of said Council on the 9th day of October 1984.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this
10th day of October 1984.
.-----