HomeMy WebLinkAboutCity Council - 2020-55 RESOLUTION NO. 2020-55
A RESOLUTION OF THE CITY COUNCIL 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 City Council 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 City.
NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby
resolve as follows:
That the City Council does hereby authorize the deposit and withdrawal of City 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 City Treasurer (Alisa Backstrom) or his/her
successors in office; Deputy City Treasurer (Joyce M. Zacks) or his/her successors in office;
Chief Financial Officer (Dahle Bulosan) or his/her successors in office; and Assistant Chief
Financial Officer (Sunny Rief) or his/her successors in office are hereby authorized to order the
deposit or withdrawal of monies in the Local Agency Investment Fund.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the 8th day of September_ , 2020
Ma or
VI AN AP ED: INITIATED AND APPROVED:
ity Manager Finance Director
APPROVED AS TO FORM:
City ttorney
232180/20-8733
Res. No. 2020-55
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, ROBIN ESTANISLAU, the duly elected, qualified City Clerk of the
City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do
hereby certify that the whole number of members of the City Council of the City of
Huntington Beach is seven; that the foregoing resolution was passed and adopted
by the affirmative vote of at least a majority of all the members of said City Council
at a Regular meeting thereof held on September 8, 2020 by the following vote:
AYES: Posey, Delgleize, Hardy, Semeta, Peterson, Carr, Brenden
NOES: None
ABSENT: None
RECUSE: None
City Clerk and ex-officio Clerk of the
City Council of the City of
Huntington Beach, California