HomeMy WebLinkAboutResolution - 2817 STATE OF CALIFORNIA ) RESOLUTION NO. 2817
COUNTY OF RIVERSIDE)ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JACINTO, CALIFORNIA, TO NAME AUTHORIZED PERSONS TO
CONDUCT TRANSACTIONS WITH LOCAL AGENCY
INVESTMENT FUND
WHEREAS, under Government Code Section 16429.1 et seq., the State
of California, State Treasury created the Local Agency Investment Fund; and
WHEREAS, a local government may remit money in its treasury, not
immediately required for its needs, to the State Treasurer for the purpose of
investment, notwithstanding any other provisions of law and with the consent of
the governing body; and
WHEREAS, the State Treasurer shall account for and invest such sums of
money on behalf of the City of San Jacinto as prescribed in Government Code
Section 16430; and
WHEREAS, the City of San Jacinto has previously applied to the State
Treasurer to invest sums of money on behalf of the City of San Jacinto as
prescribed in Government Code Section 16430; and
WHEREAS, the City of San Jacinto will periodically update the named
persons authorized to conduct business and transactions on behalf of the City of
San Jacinto; and
WHEREAS, that the City Council and the City of San Jacinto hereby
rescind previous resolutions to update Local Agency Investment Fund (LAIF)
Authorized Persons; and
NOW THEREFORE, BE IT HEREBY RESOLVED by the Mayor and City
Council of the City of San Jacinto, California, to name the following persons to be
Authorized Persons to conduct business and transactions with the Local Agency
Investment Fund.
Mayor Chris Carlson Buydos
Vice Mayor Dale Stubblefield
City Manager Barry McClellan
City Treasurer Jim Potts
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