Resolution 13039CITY OF ALAMEDA RESOLUTION NO. 13 0 3 9
APPROVING AND AUTHORIZING EXECUTION OF A
JOINT EXERCISE OF POWERS AGREEMENT
WITH RESPECT TO THE INVESTMENT OF SURPLUS MONEYS
AND AMENDING INVESTMENT POLICY
WHEREAS, the Joint Exercise of Powers Agreement dated as of January 21,
1997 (the "Agreement"), initially by and between the Cities of West Hollywood and Lake Forest,
provides the parties thereto with an alternative method of investing their surplus moneys; and
WHEREAS, Section 8.01 of the Agreement provides that any Local Agency (as
defined in California Government Code Section 53600) within the State of California may
become a party to the Agreement by executing and delivering a counterpart thereof; and
0 z WHEREAS, the City of Alameda desires to become a party of the Agreement.
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NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
et Alameda that:
Section 1. Approval of Agreement. The Agreement is hereby approved, and
sh.
4) the City Treasurer is hereby authorized and directed, for and on behalf of the City of Alameda, to
execute a counterpart of such Agreement.
Section 2. Delivery of Executed Counterpart. The City Clerk is hereby
directed to cause such executed counterpart to be delivered to the Secretary of the California
Pooled Investment Authority and to MBIA Municipal Investors Services Corporation, in
accordance with Section 8.01 of the Agreement, a copy of which is on file in the Office of the
City Clerk.
Section 3. Amendment of Investment Policy. The Section V11 of the City of
Alameda Investment Policy is hereby amended to include deposits with California Pooled
Investment Authority as a permissible and authorized investment.
I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly
adopted and passed by the Council of the City of Alameda in regular meeting assembled on
the 15th day of September , 1998, by the following vote to wit:
AYES: Councilmembers Daysog, DeWitt, Kerr, Lucas
and President Appezzato - 5.
NOES: None.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City
this 16th day of September , 1998.
Diane Felsch, City Clerk
City of Alameda