HomeMy WebLinkAbout2002-10-22 - RESOLUTIONS - VALENCIA TOWN CENTER INVEST (2)RESOLUTION NO. CFD 02-1-9
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA, CALIFORNIA, COMMUNITY FACILITIES DISTRICT 2002-1
(VALENCIA TOWN CENTER) AUTHORIZING AND REQUESTING THE 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 City Council does hereby find that the deposit and withdrawal of
proceeds from bonds, notes, certificates of participation, or other forms of indebtedness
(proceeds) in the Local Agency Investment Fund in accordance with the provisions of
Section 16429.1 is in the best interests of the City of Santa Clarita Community Facilities
District 2002-1 (Valencia Town Center) and the holders of the Community Facilities
District 2002-1 (Valencia Town Center) indebtedness.
NOW THEREFORE, the City Council of the City of Santa Clarita does hereby
resolve as follows:
SECTION 1. The City Council does hereby authorize the deposit and withdrawal of
the City of Santa Clarita Community Facilities District 2002-1 (Valencia Town Center)
proceeds 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.
SECTION 2. The following trustee or fiscal agent of the City of Santa Clarita
Community Facilities District 2002-1 (Valencia Town Center), shall be the authorized to
order the deposit or withdrawal of monies in the Local Agency Investment Fund: US Bank,
until the District notifies the Local Agency Investment Fund in writing of any change in the
trustee or fiscal agent.
PASSED, APPROVED, AND ADOPTED by the City Council of the City of Santa
Clarita Community Facilities District 2002-1 (Valencia Town Center), Los Angeles County,
State of California this 22nd day of October, 2002,
Ido
ATTEST:
CIT'f CLERK'
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Sharon L. Dawson, CMC, City Clerk of the City of Santa Clarita, do hereby certify
that the foregoing Resolution was duly adopted by the City Council of the City of Santa
Clarita at a regular meeting thereof, held on the 22nd day of October, 2002, by the following
vote:
AYES: COUNCILMEMBERS
NOES: COUNCILMEMBERS
McLean, Kellar, Smyth, Weste, Ferry
None
ABSENT: COUNCILMEMBERS: None
CITY CLERK
council\cfdordrpt.doc