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HomeMy WebLinkAboutMINUTES - 06242003 - C.19 (2) ._._--......© TO: BOARD OF SUPERVISORS -� �`_=-:� Contra FROM: William J. Pollacek, Treasurer-Tax Collector S, ut, . , ;` Costa GATE: June 24, 2043 County SUBJECT: Update Local Agency Investment Fund Resolution for Contra Costa County SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATION: APPROVAL of the Resolution of the Contra Costa Board of Supervisors, County of Contra Costa, State of California, authorizing the County of Contra Costa's continued participation in the Local Agency Investment Fund (LAIF). APPROVAL of Delegation of Authority to those person(s) conducting day-to-day LAIF business for those authorized on the resolution. BACKGROUND/REASON (S) FOR RECOMMENDATION (S): Pursuant to Resolution No.77/107 of the Board of Supervisors of Contra Costa County, California, the persons or positions authorized by the resolution are no longer with the County of Contra Costa to order the deposit or withdrawal of monies in the Local Agency Investment Fund. Copies of resolution and letter of delegation are submitted to the board for review and approval. BB:mb Attachment CONTINUED ON ATTACHMENT: ✓'"J YES SIGNATURE: -'' RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEN OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF B A ON JUIN 24, 2003 APPROVED AS RECOMMENDED X OTHER VOTE OF SUPERVISORS X UNANIMOUS 1 HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT (ABSENT NONE ) COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF AYES: NOES: THE BOARD OF SUPERVISORS ON THE DATE SHOWN. ABSENT: ABSTAIN: DISTRICT III SEAT VACANT Contact: Cc: Treasurer-Tax Collector's Office ATTESTED JOHN SWEETEN,CLERK OF THE BOARD OFSUPERVISORS AND COUNTY ADMiNISTRYOR {r. t BY: DEPUTY RESOLUTION# 2003/420 Contra Costa County Administration Building Martinez,California RESOLUTION OF CONTRA COSTA COUNTY (ACCOUNT#99-07-000) AGENCY 625 Court Street,Room 102. AGENCY ADDRESS Martinez,CA 94553 PHONE NUMBER 925-646-4115 AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND 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 Board of Supervisors 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 as in the best interests of the CONTRA COSTA COUNTY. NOW THEREFORE,BE IT RESOLVED,that the Board of Supervisors does hereby authorize the deposit and withdrawal of CONTRA COSTA COUNTY monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429.1 of the Government Code for the purpose of investment as stated therein,and verification by the State Treasurer's Office of all banking information provided in that regard. BE IT FURTHER RESOLVED,that the following CONTRA COSTA COUN'T'Y officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: William J.Pollacek Russell V.Watts Clarissa V, Javier (NAME) (NAME) (NAME) Chief Deputy Treasurer-Tax Collector Treasurer-Tax Collector Assistant Treasurer ('TITLE) (TITLE) (TITLE) (SI, RE) (SIGNATURE) (SIGNATURE) PASSED AND ADOPTED,by the Board of Supervisors of the County of Contra Costa,State of California on ,TUNE 24, 2003 VOTE 4F SUF' RVISORS uNAIous ATTESTED. JUNE 24, 2003 AY3=S: NOES: ABSENT: ABSTAIN: f, DISTRICT III SEAT VACANT Page I of 3 ;` DELEGATION OF AUTHORITY i CONTRA COSTA COUNTY Account # 99-07-000 Local Agency Investment Fund P.O. Box 942809 Sacramento, CA 94209-0001 To Whom It May Concern: Pursuant to the resolution of the CONTRA COSTA COUNTY for AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND,this letter shall serve as delegation of authority to the following persons from the Contra Costa County Treasurer's Office to execute the deposit and withdrawal of monies on behalf of the CONTRA COSTA COUNTY. The deposit or withdrawal of monies shall only be permitted with prior written instructions from the CONTRA COSTA COUNTY to the County Treasurer. In addition, these persons from the Contra Costa County Treasurer's Office shall be given the authority to update the account as necessary upon changes in personnel, address or banking information with the Local Agency Investment Fund on behalf of the CONTRA COSTA COUNTY. Beve y Rellar t Brice E. Bins Aurora P. Lee Treasurer's Treasurer's Treasurer's Investment Accounting Officer Investment Officer Operations Analyst Sincerely, William J. Pollacek Vussell V. Watts (NAME) Must be on re n (N,�ME) Must be on resolution (SI � "RE) (SIGNATURE) May 5, 2003 May 5, 2003 (DATE) (DATE) Page 2of3 i DELEGATION OF AUTHORITY AB3107 CONTRA COSTA COUNTY Account# 11-07-007 Local Agency Investment Fund P.O. Box 942809 Sacramento, CA 94209-0001 To Whom It May Concern: Pursuant to the resolution of the AB3107 CONTRA COSTA COUNTY for AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND, this letter shall serve as delegation of authority to the following persons from the Contra Costa County Treasurer's Office to execute the deposit and withdrawal of monies on behalf of the AB3107 CONTRA COSTA COUNTY. The deposit or withdrawal of monies shall only be permitted with prior written instructions from the AB3107 CONTRA COSTA COUNTY to the County Treasurer. In addition, these persons from.the Contra Costa County Treasurer's Office shall be given the authority to update the account as necessary upon changes in personnel, address or banking information with the Local Agency Investment Fund on behalf of the AB3107 CONTRA COSTA COUNTY. F D verley Kf Rellar Brice E. Bins Arora P. Lee Treasurer's Treasurer's Treasurer's Investment Accounting Officer Investment Officer Operations Analyst Sincerely, William J. Pollacek Russell V. Watts z(NAME) Must be on res tion (DAME) Must be on resolution I (SI( 'URE) (SIGNATURE) May 5, 2003 May 5, 2003 (DATE) (DATE) Page 3 of 3 "-o7-OOV BOARD OF SUPERVISORS Of CONTRA COSTA COUNTY, CALIFORNIA Re: Authorizing Investment of County } Monies in Local Agency Investment fund RESOLUTION NO. 771., 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 Board of Supervisors 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 pusposes of invest- ment as stated therein is in the best interests of the County of Contra Costa. NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors does hereby authorize the deposit and withdrawal of County monies in the Local Agency In- vestment Fund in the State Treasury in accordance with the provisions of Section 16429.1 of the Government Code for the purpose of investment as stated therein. BE IT FURTHER RESOLVED that the following County Officers or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: Edward W. Leal, Treasurer-Tax Collector; Alfred P. Lomeli, Assistant Treasurer-Tax Collector; David Dezell, Investment Supervisor. PASSED AND ADOPTED by the Board of Supervisors of the County of Contra Costa, State of California, ort'ebr',aar•J. ?, ?7i"`' by the following, vote: AYES: Supervisors t'. z . ,�er;.1.y, ... C. %. : n.hroder, ii. .;c SSe�t a_':L'' c1<1t1 . , . NOES: Supervisors :one. ABSENT: Supervisors :do:e. r ' ` '' tY, N. Boggess ATTEST: JAMES R. OLSSON, Clerk Board of Supervisors Chairman, Board of S isors CERTIFIED COPY I certrfy that the-. t:W " rgrr".t copy of the orlgi: ; In::• .. w.;, ?:� £::z In my offtee. B d and Haat it v.c,1 i::` 'i : Y,; the T3ourd of / Deputy Supervtscre of is r.: c80. oraia. on CC. Treasurer<? the d»te nhr.:::1s.:.TTi:, :: .i. ':. i,S �:C. County. _ Cleri k e:; ti to i loris o. :.Id L and of Supervisors. County Treasurer—Tac Collector by Deputy C!Qr' County Aud-; Por—Controller / 8 77 `o-_uaty akdminist-rator �zr�:. .j :1 e11 ._.... .... RESOLUTION NO. 77 -)7 x � t