HomeMy WebLinkAboutReso 262-1985 RESOLUTION NO.
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING DEPOSIT IN AND WITH-
DRAWALS FROM THE LOCAL AGENCY ~NVESTMENT FUND
(G.C. SECTION 16429.1)
WHEREAS, Section 16429.1 of the Governmlnt Code provides for a Local Agency
Investment Fund in the State Treasury for:t~edeposit of money of a local agency
for purposes of investment by the State
WHEREAS, the City Council of the City of
found that the deposit and withdrawal of mort
Fund in accordance with provisions of Sectio
the purposes of investment as stated therein
of South San Francisco and does hereby reaff
NOW, THEREFORE, BE IT RESOLVED that the
the deposit of City moneys not required for
Investment Fund in the State Treasury, and w
with the provisions of Section 16429.1 of th(
of investment as stated therein.
and
South San Francisco has previously
ey in the Local Agency Investment
16429.1 of the Government Code for
is in the best interests of the City
rm that finding;
]i ty Council does hereby authorize
mmediate needs in the Local Agency
thdrawal therefrom, in accordance
Government Code for the purpose
BE IT FURTHER RESOLVED that the Interim Clty T~easure~f the City of South
San Francisco, C. Walter Birkelo , is hereby authorized to order the deposit
of City moneys not required for immediate needs in the Local Agency Investment
Fund, and withdrawals therefrom.
I hereby certify that the foregoing Res~
adopted by the City Council of the City of S
meeting held on the 18th day of Decembe~
vote:
AYES:
NOES:
ABSENT:
uti on was regularly introduced and
outh San Francisco at an ad.i~] regular
, 1985, by the following
Councilmembers Mark N. Addiego, Jolhn "Jack" Drago, Richard A. Haffey,
Gus Nicolopulos; and Roberta Cerri
None
None
ATTEST
Teglia