CC Resolution No. 05-150
RESOLUTION NO. 05-150
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AUTHORIZING INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND
10300 Torre Avenue, Cupertino, CA 95014
(408) 777-3200
WHEREAS, pursuant to Chapter 730 of the statutes 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 City Council 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 City of Cupertino;
NOW, THEREFORE BE IT RESOLVED, that the City Council does hereby authorize
the deposit and withdrawal of the City of Cupertino 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 City of Cupertino officers or their
successors in office shall be authorized to order the deposit or withdrawal of monies in the Local
Agency Investment Fund:
Carol A. Atwood
Director of Administrative Services/Treasurer
David Woo
Finance Director/Deputy Treasurer
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Signature
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Signature
Resolution No. 05-150
2
PASSED AND ADOPTED at a regular meetingofthe City Council ofthe City of
Cupertino this 6th day of September, 2005, by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABSTAIN:
Members of the City Council
Kwok, Lowenthal, Sandoval, Wang, James
None
None
None
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Mayor, City of Cupertino
ATTEST: