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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)
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(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