HomeMy WebLinkAboutMINUTES - 04172007 - C.59 TO: BOARD OF SUPERVISORS
vie
�,. - CONTRA
FROM: John Cullen
County Administrator ,
: COSTA
COUNTY
DATE: APRIL 17, 2007
SUBJECT: Deposit of Contra Costa County Public Financing Authority Bond Proceeds
in the Local Agency Investment Fund (LAIF)
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS:
ADOPT Resolution 2007/2jZ authorizing the deposit of County of Contra Costa Public
Financing Authority bond proceeds in the Local Agency Investment Fund.
FISCAL IMPACT:
No negative impact. Bond proceeds will be deposited in and withdrawn from the Local Agency
Investment Fund in the State Treasury in accordance with the provisions of §16429.1 of the
Government Code by the County's trustee (Bank of New York).
REASON(S) FOR RECOMMENDATION(S):
Chapter 730 of the statutes of 1976 §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. In accordance with the
Government Code, the attached resolution will authorize the deposit of Contra Costa County
Public Financing Authority bond proceeds in the Local Agency Investment Fund.
CONTINUED ON ATTACHMENT _,fES SIGNATURE:
LWCOMMENDATION OF COUNTY ADMINISTRATOR_RECOMMENDATION IYF BOARD COMMI EE
--L, "PROVE _OTHER
SIGNATURE(S r
ACTION OF BOA ON APPROVED AS RECOMMENDED O R
ACTION OF BOO ON
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS(ABSENT ISI///�`-�� ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED
ABSENT: ABSTAIN: ON MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
Contact: Lisa Driscoll 5-1023
CC: Treasurer-Tax Collector ATTESTED v,7
Auditor-Controller JOHN CULLEN,CRK OF
THEBOA OF SUPERVISORS
AND CO TY ADMINI T ATOR
BY EPUTY
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Resolution on by the following vote: sE L
AYES:
Cg
61 V-ec
NOES:
ABSENT: v -e—
co
ABSTAIN: P4 cfe e--
SUBJECT: AUTHORIZING THE DEPOSIT OF Resolution No. 2007/ 2/2
BOND PROCEEDS 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 County of Contra Costa Public Financing Authority.
NOW, THEREFORE, BE IT RESOLVED, that the Board of Supervisors does hereby
authorize the deposit and withdrawal of County of Contra Costa Public Financing Authority
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 County of Contra Costa Public Financing
Authority officers or their successors in office shall be authorized to order the deposit or
withdrawal of monies in the Local Agency Investment Fund:
(NAME) (NAME) (NAME)
(TITLE) (TITLE)
-
-/� NATURE) (SIGNATURE) (SIGNATURE)
r�
I hereby certify that this is a true and correct
copy of an action taken and entered on the
minutes of the Board of Supervisors on the date
shown
ATTESTED:
John Cul n, Clerk of the Board of Supervisors
And County dministrator
By �� Deputy
cc: County Administrator
Treasurer-Tax Collector
RESOLUTION 2007/ 2/2