CC Resolution No. 5484 ~ ~
RESOLUTION N0. 5484
A RESOLUTION OF THti CLTY COUNCIL UF THF. CITY OF CUPIiRTINO
AU1'1{ORIZING INVESTTIENT OF CITY ItONIES IN LOCAL ACENCY IN-
VIiS'R~tEI7T FUNU
L1fiEREAS, pursuant [o Chapter 730 of the S[atutes of 1976 Sec[ion 16424.1 was
added [o the California Government Code to create a Local Agency Investmen[ Fund
in ti~e State Treasury for tlie deposi[ of money of a local agency for purposes
' of investmen[ by tlie S[ate Treasurer; and
lJ1iEREAS, [he City Council does hereby find tfiat [he deposit and withdrawal
of money in the Local Agency Investmen[ Fund in accorda~tce with [he provisions
of Section 1G429.1 of the Government Code for the purposes of inves[ment as
s[a[ed Cherein as in the Uest in[eres[s of the City of Cupertino.
NOIJ, TNGREFORE, BC LT P.ESOLVF.D [liat the City Council Joes hereby authorize
the deposi[ and wi[hdrawal of Clty monies in [he Local Agency Investment Fund
in [he S[ate Treasury in accordance wi[li the provision~ of Sec[ion 16429.1
of [he Covernment Code for the purpose of investment as s[ated therein.
BE IT FURTiiER RGSOLVED tha[ the following City offLcers or their successors
in office shall be authorized [o order the deposit or wi[hdrawnl of monies in the
. Loc~l Agency Inves[men[ Fund: Ulaine Snyder, Treasurer; Uorothy Cornelius,
' Depu[y Treasurer.
PASSED AND AUOYTED at ~ regular mecting of the City Council of the City
' of Cupertino this ~4~day of p~coher , 1980 by [he followin~ vo[e:
II Vote Members of [he City Council
AYF.S: Catto, Plungy, Sparks, Rogers
NOES: None
ABSENT: None
ABSTAIIJ: None
APPROVGDt
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ATTEST: o~T~~~r " Ci[ o Cu er[1
Y , Y P
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i City Clerk
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