HomeMy WebLinkAbout47-24RESOLUTION NO. 47-24
A RESOLUTION OF THE CITY COUNCIL
OF THE TOWN OF LOS ALTOS HILLS AMENDING RESOLUTION 1179 AUTHORIZING
DEPOSIT AND WITHDRAWAL FROM THE LOCAL AGENCY INVESTMENT FUND IN THE
STATE TREASURY
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 Town of Los Altos Hills 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 is in the best interest of the Town of Los
Altos Hills.
NOW, THEREFORE, BE IT RESOLVED that the Town of Los Altos Hills, City Manager, Finance
Director, Finance Manager, Senior Accountant, and Accountant shall be authorized to order the deposit or
withdrawal of monies in the Local Agency Investment Fund; they may delegate some of the duties to
other staff in their department:
The above and foregoing Resolution was passed and adopted by the City Council of the Town of Los
Altos Hills at a regular meeting held on the 19th day of September 2024 by the following vote:
AYES: Mok, Schmidt, Tankha, Tyson, Swan
NOES: none
ABSENT: none
ABSTAIN: none
C.
ATTEST:
ka Birdsong -Miller, C,4 Clerk
RESOLUTION 47-24