HomeMy WebLinkAbout75-24RESOLUTION 75-24
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, and Senior Accountant shall be authorized to order the deposit or withdrawal
of monies in the Local Agency Investment Fund.
The above and foregoing Resolution was passed and adopted by the City Council of the Town of
Los Altos Hills at a special meeting held on the 19th day of December 2024 by the following
vote:
AYES: Mok, Schmidt, Swan, Tankha, Tyson
NOES:
ABSTAIN:
ABSENT:
ATTEST:
ika Birdsong -Miller, Ci Jerk
BY: ZY
Sta ,
RESOLUTION 75-24