HomeMy WebLinkAboutRES HA-78RESOLUTION NO. HA - 78
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, the Local Agency Investment Fund is established in the State
Treasury under Califomia Govemment 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 Palm Desert Housing Authority hereby finds that the deposit and
withdrawal of money in the Local Agency Investment Fund, in accordance with
California Government Code Section 16429.1 et. seq., for the purpose of investment as
provided therein, is in the best interests of the Palm Desert Housing Authority.
NOW THEREFORE, BE IT RESOLVED, that the Palm Desert 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 California
Govemment Code Section 16429.1 et. seq., for the purpose of investment as provided
therein.
BE IT FURTHER RESOLVED, as follows:
Section 1. The following Palm Desert 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:
Janet M. Moore
Director of Finance &
City Treasurer
Jose Luis Espinoza Thomas J. Metz
Assistant Finance Director Deputy City Treasurer
/C),rifittn-ritta9.9714
Section 2. This resolCtidn shall remain in full force and effect until rescinded by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-78
PASSED AND ADOPTED, by the Housing Authority of the City of Palm Desert,
County of Riverside, State of Califomia, at its regular meeting held on this 26th day of
May, 2016, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
HARNIK, JONATHAN, TANNER, WEBER, & SPIEGEL
NONE
NONE
NONE
z,_45,'Q
ROBERT A. SPIErGE ` ' OR
ATTEST:
RA E L D. E , ' ITY CLERK
CITY OF PALM DESERT, CALIFORNIA
APPROVED Ai1O FORM:
R u BE HAR a REAVES, CI ►Y ATTORNEY
B •T, BEST & RIEG - ' P