HomeMy WebLinkAboutRedevelopment Agency - 390 RESOLUTION NO. 390
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF HUNTINGTON BEACH AUTHORIZING INVESTMENT
OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the State of California statutes of 1976, Section
16429.1 was added to the California Government Code to create a Local Agency Investment Fund
in the State Treasury for the deposit of money of a local agency for purposes of investment by the
State Treasurer; and
The Redevelopment Agency of the City of Huntington Beach does hereby find that the
deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the
provisions of Section 16429.1 of the Government Code for the purpose of investment as stated
therein, is in the best interests of the Agency.
NOW, THEREFORE, the Redevelopment Agency of the City of Huntington Beach does
hereby resolve as follows:
That the Redevelopment Agency does hereby authorize the deposit and withdrawal of
Agency monies in the Local Agency Investment Fund in the State Treasury in accordance with the
provisions of Government Code Section 16429.1 for the purposes of investment as stated therein,,
and verification by the State Treasurer's Office of all banking information provided in that regard.
IT IS FURTHER RESOLVED that the Agency Treasurer (Alisa Cutchen) or his/her
successors in office is hereby authorized to order the deposit or withdrawal of monies in the Local
Agency Investment Fund.
PASSED AND ADOPTED by the Redevelopment Agency of the City of Huntington Beach,
at a regular meeting thereof held on the 1st day of August , 2011
VdG�an
REVI r
APPROVED: INITIATED AND APPROVED:
O� n a.� �3etfiYt.F of
Ex e irector Finance Director
APPROVE
,p AS TO FORM:
Agency Counsel
11-2946/66611
Res. No. 390
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF HUNTINGTON BEACH )
I, JOAN FLYNN, Clerk of the Redevelopment Agency of the
City of Huntington Beach, California, DO HEREBY CERTIFY that the
foregoing resolution was duly adopted by the Redevelopment Agency of
the City of Huntington Beach at a regular meeting of said Redevelopment
Agency held on August 01, 2011 and that it was so adopted by the
following vote:
AYES: Shaw, Harper, Hansen, Carchio, Bohr, Dwyer, Boardman
NOES: None
ABSENT: None
ABSTAIN: None
ClerkU the Redevelopment lvgency
of the City of Huntington Beach, CA