HomeMy WebLinkAboutRES HA-105RESOLUTION NO. HA-105
A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF PALM
DESERT
73-510 Fred Waring Drive, Palm Desert, CA 92260 TEL: 760.346.0611, x323
AUTHORIZING INVESTMENT OF MONIES IN
THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, The Local Agency Investment Fund is established in the State
Treasury under Government Code Section 16429.1 et. seq., for the deposit of
money of a local agency for purposes of investment by the State Treasurer; and
WHEREAS, the Housing Authority of the City of Palm Desert ("Housing
Authority") hereby finds that the deposit and withdrawal of money in the Local
Agency Investment Fund in accordance with Government Code Section 16429.1
et. seq., for the purpose of investment as provided therein, is in the best interests
of the City of Palm Desert.
NOW THEREFORE, BE IT RESOLVED, that the Housing Authority hereby
authorizes the deposit and withdrawal of Housing Authority monies in the Local
Agency Investment Fund in the State Treasury in accordance with Government
Code Section 16429.1 et. seq., for the purpose of investment as provided therein.
BE IT FURTHER RESOLVED, as follows:
Section 1. The following Housing Authority officers holding the titles specified
hereinbelow or their successors in office are each hereby authorized to order
the deposit or withdrawal of monies in the Local Agency Investment Fund, and
may execute and deliver any and all documents necessary or advisable in order
to effectuate the purposes of this resolution and the transactions contemplated
hereby:
Veronica Chavez
City Treasurer
Jose Luis Espinoza
Deputy Fin,pnce Director
a
Kalaina Perez
Management Analyst
Section 2. This resolution shall remain in full force and effect until rescinded by
the Housing Authority by resolution, and a copy of the resolution rescinding this
resolution is filed with the State Treasurer's Office.
RESOLUTION NO. HA-105
PASSED, APPROVED, AND ADOPTED, by the Housing Authority of the
City of Palm Desert, Riverside County, State of California, at its regular meeting
held on this 101 day of March 2022, by the following vote, to wit:
AYES:JONATHAN, KELLY, NESTANDE, QUINTANILLA, AND HARNIK
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
AN C. HARNIK, MAYOR
ATTEST:
NIAMH M. ORTEDE P U T Y CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
APPROVED AS TO
ROB HA , CITY ATTORNEY
BEST,'EST & KRIEGE P
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