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RESOLUTION NO. 84-148 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA EXPRESSING ITS INTENTION TO <br />PARTICIPATE IN THE STATE TREASURER'S LOCAL <br />AGENCY INVESTMENT FUND AND AUTHORIZING THE <br />DIRECTOR OF FINANCE/TREASURER TO MAKE DEPOSITS <br />AND WITHDRAWALS FROM SAID FUND <br /> <br /> WHEREAS, Sections 16429.1 et seq. of the Government Code <br />created the Local Agency Investment Fund in the State Treasury; <br />and <br /> <br /> With the approval of its governing body, any local govern- <br />mental agency having money in its treasury not required for <br />lm~nediate needs may remit such money to the State Treasury for <br />deposit in the Local Agency Investment Fund for the purpose of <br />investment; and <br /> <br /> Money in the fund shall be invested to achieve the <br />objective of maximum return consistent with safe and prudent <br />treasury management; and <br /> <br /> Before any deposits will be accepted, the local government <br />agency must file a resolution with the State Treasurer, <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the <br />City of Santa Aha that it desires to participate in the State <br />Treasurer's Local Agency Investment Fund and hereby agrees to <br />deposit or withdraw money in said fund in accordance with the <br />provisions of Sections 16429.1 et seq. of the Government Code <br />for the purpose of investment as stated therein. <br /> <br /> BE IT FURTHER RESOLVED that L.M. Shaffer, Director of <br />Finance and/or Sidney Yeates, Treasury Division Manager, are <br />hereby authorized to order deposits or withdrawals of money <br />in the Local Agency Investment Fund. <br /> <br /> The City Clerk is directed to send a certified copy of <br />this resolution to Jesse M. Unruh, Treasurer of the State of <br />California. <br /> <br /> <br />