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11-218 RESOLUTION No. 11-218 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA, AUTHORIZING INVESTMENT OF MONIES IN THE 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 does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Government Code section 16429.1 for the purpose of investment as stated therein as in the best interests of the City of Menifee. NOW THEREFORE, BE IT RESOLVED, that the City Council does hereby authorize the deposit and withdrawal of City of Menifee 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, and verification by the State Treasurer's Office of all banking information provided in that regard. BE IT FURTHER RESOLVED, that the City Council revokes the previous authority given to designated officers to order the deposit or withdrawal of moneys in the Local Agency Investment Fund prior to the date of this Resolution, BE IT FURTHER RESOLVED, that the following City of Menifee officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: William A. Rawlings Terri Willoughby City Manager City Treasurer/Director of Finance eel-_ Signature Signature BE IT FURTHER RESOLVED, that the City Council revokes the previous authority given to designated officers to order the deposit or withdrawal of monies in the Local Agency Investment Fund prior to the date of this Resolution. PASSED AND ADOPTED, by the City Council of the City of Menifee of the State of California on May 17th, 2011. Wallac gerton, Mayor Attest: D Kathy Bennett, City Clerk Karen A. Feld, Cit Attorney ENIFE i M Wallace W.Edgerton STATE OF CALIFORNIA ) Mayor COUNTY OF RIVERSIDE ) ss Fred Twyman CITY OF MENIFEE ) Vice Mayor I, Kathy Bennett, City Clerk of the City of Menifee, do hereby certify that the John V.Denver foregoing Resolution No. 11-218 was duly adopted by the City Council of the City Councilmember of Menifee at a meeting thereof held on the 17th day of May, 2011 by the Darcy Kuenzi following vote: Councilmember Ayes: Denver, Fuhrman, Kuenzi,Twyman Thomas Fuhrman Noes: None Councilmember Absent: Edgerton Abstain: None Kathy Bennett, City Clerk 29714 Haun Road Menifee,CA 92586 Phone 951.672.6777 Fax 951.679.3843 vww.cityofinenifee.us