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6A.A. - Page 3 <br />ATTACHMENT <br />SUCCESSOR AGENCY RESOLUTION NO. <br />RESOLUTION AUTHORIZING INVESTMENT OF MONIES IN THE <br />LOCAL AGENCY INVESTMENT FUND <br />WHEREAS, Pursuant to Chapter 730 of the statues of 1976, Section 16429.1 <br />was added to the California Government Code to create a Local Agency Investment <br />Fund in the State Treasury for the deposit of the money of a local agency for the <br />purposes of investment by the State Treasurer; and <br />WHEREAS, the Council of the City of Redwood City does hereby find that the <br />deposit and withdrawal of money in the Local Agency Investment Fund in accordance <br />with the provisions of Section 16429.1 of the Government Code for the purpose of <br />investment as stated therein as in the best interests of the Successor Agency to the <br />City of Redwood City Redevelopment Agency. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Redwood City as the Successor Agency to the City of Redwood City Redevelopment <br />Agency as follows: <br />That the Council of the City of Redwood City as the Successor Agency to the <br />City of Redwood City Redevelopment Agency does hereby authorize the deposit and <br />withdrawal of the monies of the Successor Agency to the Redwood City <br />Redevelopment Agency in the Local Agency Investment Fund in the State Treasury in <br />accordance with the provisions of Section16429.1 of the Government Code for the <br />purpose of investment as stated therein, and verification by the State Treasurer's Office <br />of all banking information provided in that regard. <br />PASSED AND ADOPTED this day of February, 2012. <br />ATTY /RESO.2205 /AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND <br />REV:02 -21 -12 VR <br />