HomeMy WebLinkAboutRDA RES 482RESOLUTION NO. 482
A RESOLUTION OF THE B�ARD OF THE PALM DESERT REDEYELOPMENT AGENCY
OF PALM DESERT, CALIFORNIA, AUTHORIZING THE 1NVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND
WHEREAS, pursuant to Chapter 730 of the Statues 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 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 purpose of investment as stated therein, is in the best interests of the Palm Desert
Redevelopment Agency.
NOW, THEREFORE, BE IT RESOLVED that the Board does hereby authorize the deposit
and withdrawal of 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 BY THE BOARD OF THE PALM DESERT
REDEVELOPMENT AGENCY OF PALM DESERT, CALIFORNIA, that the following City officers or
their successors in office shall be authorized to order the deposit or withdrawal of monies in the
Local Agency Investment Fund:
Paul S. Gibson Jose Luis Espinoza Thomas W. Jeffrey
City Treasurer Assist�nt Finay�ce Director Deputy City Treasurer
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� / � �i,,ndt./�- �1�16m�:, �'V,
PASSED, APPROVED, AND �tDOPT D, by the Board of the Palm Desert Redevelopment
Agency of the Ciry of Palm Desert, Riverside County, California, at its regular meeting held on this
23`d day of October, 2003, by the following vote, to wit:
AYES: CRITES, KELLY, SPIEGEL, and BENSON
NOES: NONE
ABSENT:
ABSTAIN:
ATTEST:
FERGUSON
NONE
_ RA HELLE D. K EN, S CRETARY
PALM DESERT REDEVELOPMENT AGENCY