HomeMy WebLinkAbout61-03 RESOLUTION No. 61-0 3
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, Administrative Services Director and Accountant/Office
Manager 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:
REGULARLY PASSED AND ADOPTED this 7th day of August 2003.
By: �`� -
` ayor '
ATTEST:
= Cit Clerk