10-161 RESOLUTION No. 10-161
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 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:
Stephen G. Harding Thomas M. Kanarr
Interim City Manager Interim Finance Director
4/� 4WA/A--,
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 moneys 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 August 3, 2010.
Wallace Edgerton, Mayor
Attest:
Kathy Bennett, City Clerk
4817-3966-1574.1
GeTY ('
MEN WEE
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Wallace W.Edgerton
Mayor
Fred Twyman
Mayor Pro Tem
STATE OF CALIFORNIA
Councitmember )
John Denver COUNTY OF RIVERSIDE ) ss
CITY OF MENIFEE )
Darcy Kuenzi
Councilmember
Scott A.Mann I, Kathy Bennett, City Clerk of the City of Menifee, do hereby certify that the
Councilmember
foregoing Resolution No. 10-161 was duly adopted by the City Council of the
City of Menifee at a meeting thereof held on the 3rd day of August, 2010 by the
following vote:
Ayes: Denver, Edgerton, Kuenzi, Mann, Twyman
Noes: None
Absent: None
Abstain: None
Kathy Bennett, City Clerk
29714 Haun Road
Menifee,CA 92586
Phone 951.672.6777
Fax 951.679.3843
wwwAtyofinenifee.us