2003-32 RESOLUTION NO. 2003- 32
A RESOLUTION.OF THE CITY COUNCIL OF THE CITY OF
GRAND TERRACE, ` CALIFORNIA, RESCINDING
RESOLUTION NO.82-01 AND AUTHORIZING INVESTMENT
OF GRAND TERRACE MONIES IN LOCAL AGENCY
INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the 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
WHEREAS, the City Council of the City of Grand Terrace 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 purposes of investment
as stated herein is in the best interests of the City of Grand Terrace; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Grand
Terrace does hereby rescind Resolution No. 82-01 and authorize the deposit and
withdrawal of the City of Grand Terrace monies in the Local Agency Investment Fund in
the State Treasury in accordance with the provisions of Section 16429.1 of the
Government Code for the purpose of investment as stated therein.
BE IT FURTHER RESOLVED THAT THE FOLLOWING City officers or their
successor in office shall be authorized to order the deposit or withdrawal of monies in the
Local Agency Investment Fund:
Thomas Schwab, City Manager
Larry Ronnow, Finance Director
Christie Thierry, Finance Assistant
PASSED, APPROVED AND ADOPTED this 231 day of October, 2003.
W yor of the City of Grand Terrace
ATTEST:
City Clerk of the City oJKGrand
Terrace
I, BRENDA STANFILL, City Clerk of the City of Grand Terrace, do hereby certify
that Resolution No. 2003- 32 was introduced and adopted at a regular meeting of the City
Council of the City of Grand Terrace held on the 23`d day of October,2003, by the following
vote:
AYES: Councilmembers Hilkey,Larkin, and Cortes; Mayor Pro Tem Ferre and
MAyor Garcia
NOES: None
ABSENT: None
ABSTAIN: None
Brenda Stanfill, City Cler _ -"
Approved as to form:
City Attorney