HomeMy WebLinkAboutRES. PPFA 2015-2 RESOLUTION NO. PPFA 2015-2
A RESOLUTION OF THE POMONA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE INVESTMENT OF AUTHORITY MONIES IN THE
LOCAL AGENCY INVESTMENT FUND (LAIF)
WHEREAS, the Public Financing Authority is comprised of the City Manager, the City
Attorney, the Finance Director, the Deputy City Manager, and Senior Accountant of the City of
Pomona;
WHEREAS, the authority 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
Pomona Public Financing Authority.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Public
Financing Authority, as follows:
SECTION 1. That the Authority does hereby authorize the deposit and withdrawal of
the 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.
SECTION 2. The following Public Financing Authority officers or their successors in
office shall be authorized to order the deposit or withdrawal of monies, as well as assign
transaction capabilities to others, in the Local Agency Investment Fund:
Officer Title Current Incumbent
Chairperson............................Linda Lowry
Treasurer................................Paula Chamberlain
Vice Chairperson ...................Paula Chamberlain
SECTION 3. Passage of this Resolution supersedes all prior resolutions relating to LAIF
authorizations for the Public Financing Authority.
SECTION 4. The Secretary shall certify the passage and adoption of this resolution, and
it shall thereupon take effect and be in force.
Resolution No. PPFA 2015-2
October 19, 2015
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APPROVED AND ADOPTED this 19'' day of October 2015.
ATTEST: POMONA PUBLIC FINANCING
AUTHORITY:
i4dcoEva M. Buice, MMC Linda Lowry
Secretary Chairman
APPROVED AS TO FORM:
jj4hit 14
old Alvarez-Glasman
Authority Counsel
Resolution No. PPFA 2015-2
October 19, 2015
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