HomeMy WebLinkAboutPCDC Resolution 2003-10 08/18/2003 RES®I,>(J'I'I®N 2003-10
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
AUTHORIZING PETALUMA COMMUNITY DEVELOPMENT COMMISSION OFFICERS
TO DEPOSIT AND WITHDRAW FUNDS IN THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, Pursuant to Chapter -730 of the statutes of 1987 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 purpose of investment as stated therein as in the best interest of the Petaluma
Community Development Commission.
NOW THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby authorize
the deposit and withdrawal of Petaluma Community Development Commission 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 Petaluma Community Development
Commission officers or their successors in office shall be authorized to order the deposit or withdrawal
of monies in the Local Agency Investment Fund:
Michael Bierman William Thomas or his de ~gnee)
Executive Director Treasurer
PCDC Resolution 2003-10 Page 1
Commissioner Aye No Absent Recused
Glass X
Canevaro X
Harris X
Healy X
Moynihan X
O'Brien X
Torliatt X
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~
avid Glass, Cliairperson_,
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ATTEST:
~d ~
Gayle Petersen, Recording Secretary
APPROVED AS TO FORM:
Rich u nansky, Genera Cou sel
PCDC Resolurion 2003-10 Page 2