23-1308RESOLUTION NO. 23-1308
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 previously authorized 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; and
WHEREAS, in connection with its prior authorization, the City designated certain
individuals and officers of the City to order the deposit and withdrawal of monies in the Local
Agency Investment Fund; and
WHEREAS, it is necessary to amend the City's authorized officers from time to time to
reflect staffing changes appropriate for inclusion on the list of persons designated to order the
deposit and withdrawal of monies in the Local Agency Investment Fund.
NOW THEREFORE, BE IT RESOLVED, that upon adoption of this Resolution, 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:
Armando G. Villa
City Manager
Signature
Margarita Cornejo
Deputy Finance Director
Signature
Rochelle Clayton
Assistant City Manager
Margarita Cornejo
Acting Chief Financial Officer
atur Signature
,,-,�
BE IT FURTHER RESOLVED, that the City Council revokes Resolution No. 22-1130
which designated previous officers to order the deposit or withdrawal of monies in the Local
Agency Investment Fund on behalf of the City.
Resolution Authorizing Investment Transactions in LAIF
Attest:
PASSED AND ADOPTED on this 19'h day of April 2023.
--�- A -
Bill Zimmer an a or
Approved as to form:
Anita Kay Vinson, ity Clerk re . Melching, City Att rney
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF MENIFEE )
I, Kay Vinson, Acting City Clerk of the City of Menifee, do hereby certify that the foregoing City
Council Resolution No. 23-1308 was duly adopted by the City Council of the City of Menifee at a
meeting thereof held on the 191h Day of April 2023 by the following vote:
Ayes:
Deines, Estrada, Karwin, Sobek, Zimmerman
Noes:
None
Absent:
None
Abstain:
None
Kay Vi son, cting City Clerk