HomeMy WebLinkAboutRES HA-112RESOLUTION NO. HA-112
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY
AUTHORIZING THE INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND AND RESCINDING
RESOLUTION NO. HA-105
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 does hereby find that the deposit and
withdrawal of monies in the Local Agency Investment Fund for the purpose of investment,
is in the best interests of the Housing Authority.
NOW, THEREFORE, BE IT RESOLVED BY THE Palm Desert Housing Authority
as follows:
SECTION 1. That the foregoing Recitals are true and correct and are incorporated
herein by this reference:
SECTION 2. The Housing Authority does hereby authorize the deposit and
withdrawal of monies in the Local Agency Investment Fund for the purpose of investment.
The following City of Palm Desert officers holding the titles specified hereinbelow or their
successor 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 the resolution
and the transaction contemplated hereby:
Veronica Chavez
Finan e Director &
Cit
Liberty Urban
Deputy Finance Director
~~1ill)A
John Ramont
Deputy Finance Director
James Bounds
Finance Sup
Resolution No . HA-112 Page 2
SECTION 3 . The Housing Authority hereby rescinds Resoluti on No. HA-105 and
all other resolutions in conflict herewith .
ADOPTED ON NOVEMBER 17, 2022.
ATTEST:
T ONY J. MEJ
RETARY
PALM DESERT H USING AUTHORITY
~A.11-t.iJ < Jc.HARNI
AIR
I , Anthony J . Mejia, City Clerk of the City of Palm Desert, hereby certify that
Resolution No. HA-112 is a full , true , and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Desert on November 17, 2022 , by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN :
RECUSED :
JONATHAN , KELLY, NESTANDE, QUINTANILLA, AND HARNIK
NONE
NONE
NONE
NONE
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Desert, California, on December .lb_, 2022.