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HomeMy WebLinkAboutRES HA-19L rK__ RESOLUTION NO. HA-19 A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF PALM DESERT, CALIFORNIA, AUTHORIZING THE 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 Palm Desert Housing Authority does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429.1 of the Government Code of the purpose for investment as stated therein as in the best interests of: Palm Desert Housing Authority 73-510 Fred Waring Drive Palm Desert, CA 92260 (760) 346-0611 NOW, THEREFORE, BE IT RESOLVED, that the City of Palm Desert Housing Authority does hereby authorize the deposit and withdrawal of Housing Authority 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 Palm Desert Housing Authority officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Paul Gibson Director of Finance (NAME) (TITLE) Jose Luis Espinoza Finance Operations Manager (NAME) (TITLE) Thomas Jeffrey Deputy City Treasurer (NAME) (TITLE) cYrtr� (SIGNATU<50.) RESOLUTION NO. HA-19 PASSED, APPROVED AND ADOPTED by the Housing Authority of the City of Palm Desert, California,at its regular meeting held on the 13`h day of March, 2003, by the following vote, to wit: AYES: CRITES, KELLY, SPIEGEL, and BENSON NOES: NONE ABSENT: FERGUSON ABSTAIN: NONE ATTEST: RACHELLE D. KLASSEN, SECRETARY PALM DESERT HOUSING AUTHORITY 1 N BENSON, CHAIRMAN 2