HomeMy WebLinkAboutResolution 2006-139 N.C.S. 08/07/2006 Resolution No. 2006-139 N.C.S.
of the City of .Petaluma, California
UPDATING "AUTHORIZED PERSONS," CITY MANAGER,
ADMINISTRATIVE SERVICES DIRECTOR, ACCOUNTING MANAGER,
FOR THE CITY OF PETALUMA'S LOCAL AGENCY
INVESTMENT FUND ACCOUNT
WHEREAS, pursuant to Chapter 730 of the statutes of 1987, Section 16429.1, the
California Government Code created the Local Agency Investment Fund, in the State Treasury,
for the deposit of monies of local agencies, 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 is 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 City of Petaluma;
NOW THEREFORE, BE IT RESOLVED that the City Council does hereby authorize
the deposit and withdrawal of City of Petaluma 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, alld verification by the State Treasurer's
Office, of all banking information provided in that regard.
BE IT FURTHER RESOLVED that the following, or their successors in office, shall be
the "authorized persons" to order the deposit or withdrawal of monies in the Local Agency
Investment Fund:
Michael Bierman, City Manager
Steven Carmichael (or his designee), Administrative Services Director
Cinde Rubaloff, Accounting Manager
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the rov d to
Council of the City of Petaluma at a Regular meeting on the 7`~' day of August, fo
2006, by the following vote:
City rney
AYES: Harris, Healy, Vice Mayor Nau, O'Brien, Torliatt
NOES: None
ABSENT: Mayor Glass
ABSTAIN: None -
ATTEST:
City Clerk Vice ayor
Resolution No. 2006-139 N.C.S. ~ Page 1
Michael Bierman
City Manager
Steven Carmichael (or his designee)
Administrative Services Director
Cinde Rubaloff
Accounting Manager
Resolution No. 2006-139 N.C.S. Page 2