Resolution 02-009 Authorizing Investment into Local Government Pool CiTY OF SPOKANE VALLEY
SPOKANE COUNTY, WASHINGTON
RESOLUTION NO. 02-09
A RESOLUTION OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY,
WASHINGTON, AUTHORIZING INVESTMENT OF CITY OF SPOKANE
VALLEY MONIES INTO THE LOCAL GOVERNMENT POOL
WHEREAS, pursuant to Chapter 294, Laws of 1986, A Local Government
investment Pool in the State Treasury was created for the deposit of money by a political
subdivision for purposes of investment by the State Treasurer; and
WHEREAS, the City Council does hereby find that the deposit and withdrawal of
money in the Local Government investment Pool in accordance with the provisions of
the applicable state law is in the best interest of the City of Spokane Valley;
NOW, THEREFORE, be it resolved by the. City Council of the City of Spokane
Valley, Spokane County, Washington, as follows:
Section 1. Authorization. The City of Spokane Valley does hereby authorize the
deposit and withdrawal of City monies in the Local Government investment Pool in the
State Treasury in accordance with state law for the purpose of investment.
Section 2. City Manager and City Financial Officer Authorized to Order Deposits
and Withdrawals. The City Manager and the City Financial Officer shall be authorized to
order the deposit or withdrawal of monies in the Local Government Investment Pool.
Section 3. Effective Date. This Resolution shall become effective immediately
upon passage by the Spokane Valley City Council and on the date of incorporation.
Adopted this /4 day of December, 2002.
City of Spokane Valley
Mayor Michael DcVlemi
ATTEST:
Interim City Clerk, Ruth Muller
C:VZesolutionslReso. No. 02-09, LGIP
APPROVED AS TO FORM:
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to City • tt• , Stanley . Schwartz
C:1Rcsolutio i\Reso.No.02-09,LGIP 2