R 1516
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RESOLUTION NO. 1516
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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 16429.1
WHEREAS, all California cities. including the City of Arroyo
Grande, are authorized under Government Code Section 16429, I 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:
SECTI ON 1: That the Arroyo Grande City Finance Director is
hereby authorized to enter into an agreement 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 nor required for
said City's immediate needs.
SECTI ON 2: That David E. Bacon, City Finance Director; William
Sheldon, Jr., City Administrator; or 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.
On motion of Council Member Vandeveer. seconded by Council
Member Hogan. and on the following roll call vote, to wit:
AYES: Council Members Hogan. Millis, Vandeveer. Mayor Pope
NOES: None
ABSENT: Council Member Smith
the foregoing Resolution was passed and adopted this 8th day of December. 1981.
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ATTEST: ~~~ / //
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PUTY Y CLERK