HomeMy WebLinkAboutRDA RES 179RESOLUTION NO. 179
A RESOLUTION OF PALM DESERT REDEVELOPMENT AGENCY OF THE CITY
OF PALM DESERT, CALIFORNIA, AUTHORIZING INVESTMENT OF PALM
DESERT REDEVELOPMENT AGENCY MONIES IN 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 Board of Directors 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 for the purposes of
investment as stated therein as in the best interest of the Palm Desert Redevelop-
ment Agency.
NOW THEREFORE, BE IT RESOLVED that the Board of Directors does hereby
authorize the deposit and withdrawal of Palm Desert Redevelopment Agency 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.
BE IT FURTHER RESOLVED that the following District officers or their
successors in office shall be authorized to order the deposit or withdrawal of
monies in the Local Agency Investment Fund.
Kirby J. Warner
(Name)
Treasurer
(Title)
Carlos L. Ortega Executive Director
(Name) (Title)
PASSED, APPROVED and ADOPTED at a regular meeting of the Palm Desert
City Council held on this 12th day of January
1984, by the following vote, to wit:
AYES: JACKSON, KELLY, WILSON & SNYDER
NOES: NONE
ABSENT: PULUQI
ABSTAIN: NONE
ATTEST:
--SHEILA R. GI IGAN, SE ARY
PALM DESERT REDEVELOPT AGENCY
/44 -eW
WALTER H. SNYDER, CHAIRMAN
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