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RESOLUTION No. 61-0 3 <br /> A RESOLUTION OF THE CITY COUNCIL <br /> OF THE TOWN OF LOS ALTOS HILLS AMENDING <br /> RESOLUTION 1179 AUTHORIZING DEPOSIT AND <br /> WITHDRAWAL FROM THE LOCAL AGENCY <br /> INVESTMENT FUND IN THE STATE TREASURY <br /> WHEREAS, Pursuant to Chapter 730 of the statutes of 1976 Section <br /> 16429.1 was added to the California Government Code to create a Local Agency <br /> Investment Fund in the State Treasury for the deposit of money of a local agency <br /> for purposes of investment by the State Treasurer; and <br /> WHEREAS, the Town of Los Altos Hills does hereby find that the deposit <br /> and withdrawal of money in the Local Agency Investment Fund in accordance <br /> with the provisions of Section 16429.1 of the Government Code for the purpose <br /> of investment as stated therein is in the best interest of the Town of Los Altos <br /> Hills. <br /> NOW THEREFORE BE IT RESOLVED that the Town of Los Altos <br /> Hills, City Manager, Administrative Services Director and Accountant/Office <br /> Manager shall be authorized to order the deposit or withdrawal of monies in the <br /> Local Agency Investment Fund; they may delegate some of the duties to other <br /> staff in their department: <br /> REGULARLY PASSED AND ADOPTED this 7th day of August 2003. <br /> By: �`� - <br /> ` ayor ' <br /> ATTEST: <br /> = Cit Clerk <br />