HomeMy WebLinkAboutPCDC Resolution 88-18 11/14/1988 3_. ~
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RESOLUTION NUMBER 88-18
RESOLUTION AUTHORIZING IIdVESTNENT
OF PETALU~YA CONiPgiJATITY DEVELOPNENT COPgA~lISSION FUNDS
IN THE STATE OF CALIFONIA
LOCAL AGENCY INVESTNLENT 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 Commission 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 interests of the
Commission.
NOW THEREFORE, BE IT RESOLVED, that the Commission does
hereby authorize the deposit and withdrawl 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.
BE IT FURTHER RESOLVED, that the following Commission
officers or their successors in office shall be authorized
to order the deposit or withdrawal of monies in the Local
Agency Investment Fund as shown on Exhibit A:
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Executive Director ~ ~ -
John Scharer Signature
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Asst . Exec . Director y
Gene Beatty Signature 1-
Treasurer %~~--ice/ ~ , s.
David W. Spilman Signatur
Secretary
Patricia Bernard Signature
Commissioner Ave No Absent
Cavanaugh (g) ( ) ( )
Tencer (X) ( ) ( )
Sobel (X) ( ) ( )
Woolsey (X) ( ) ( )
Balshaw (X) ( ) ( )
V.C. Davis (X) ( ) ( )
Chairman Hilligoss (X) ( ) ( )
M. Patricia Hi gos , Chairman
ATTEST:
G~~~~~
ricia E. Bernard, Recording Secretary
PASSED AIdD ADOPTED, by the Commission of the Petaluma
Community Development Commission, County of Sonoma, State of
California on ,(/oyc~de~/~