R 2260
RESOLUTION NO. 2260
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ARROYO GRANDE AUTHORIZING
THE DEPOSIT OF CITY FUNDS IN THE LOCAL AGENCY
INVESTMENT FUND PURSUANT TO GOVERNMENT CODE
SECTION 16429
WHEREAS, all California cities, including the City of Arroyo Grande,
are authorized under Government Code Section 16429.1 to deposit surplus
money in the Local Agency Investment Fund in the California State Treasury.
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 renew current agreements to deposit or withdraw money in the Local
Agency Investment Fund in the California State Treasury in accordance
with the provisions of Government Code Section 16429.1 of any money
in the Arroyo Grande City Treasury not required for said City's immediate
needs.
2. That DAVID E. BACON, City Finance Director; CHRIS CHRISTIANSEN,
City Manager; NANCY A. DAVIS, City Clerk; FRANCES V. GORDON, Accounting
Supervisor; and JOANN WIZEMANN, City Treasurer, are hereby authorized
to order the deposit or withdrawal of the City of Arroyo Grande money in
the Local Agency Investment Fund on behalf of the City of Arroyo Grande,
P.O, Box 550, Arroyo Grande, California, 93420.
3. That position successors to the named individuals in Number 2.
above are hereby authorized to order deposits and withdrawals in like
manner. on behalf of the City of Arroyo Grande.
4. That this Resolution supercedes Resolution 2004 dated October 28,
1986.
On motion of Council Member Moots , seconded by Counci I
I~ember Johnson , and on the fol lowing vote, to wit:
AYES: Council Members Moots, Johnson, Porter, Millis and Mayor Mankins
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 25th day of October ,1988,
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MAYOR
ATTEST: ~ a. ~
CITY CLERK
I, NANCY A. DAVIS, City Clerk of the City of Arroyo Grande, County
of San Luis Obispo, State of California, do hereby certify under penalty
of perjury that the foregoing Resolution No. 2260 is a true, full and
correct copy of said Resolution passed and adopted at a regular meeting
of said Council on the 25th day of October, 1988,
WITNESS my hand and the Seal of the City of Arroyo Grande affixed
this 28th day of October, 1988.
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