HomeMy WebLinkAboutRES 2022-018RESOLUTION NO. 2022-18
A RESOLUTION 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 City Council 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 City Council hereby
authorizes the deposit and withdrawal of City 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 City 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 T�pasurer
Jose Luis Espinoza
Deputy Finance Director
�s
Kalaina Perez
Management Analyst
Section 2. This resok4kn shal remain in full force and effect until rescinded by
the City Council by resolution, and a copy of the resolution rescinding this
resolution is filed with the State Treasurer's Office.
RESOLUTION NO. 2022-18
PASSED, APPROVED, AND ADOPTED, by the City Council 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
A-���.�
J N C. HARNIK, MAYOR
ATTEST:
NIAMH M. ORTEGA, bE-FWTY CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
I_199:190:191
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BEET, BEST & I
TO FORM:
I!
;EA S, CITY ATTORNEY
GER, L P
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