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Reso 2010-133
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Reso 2010-133
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Last modified
10/22/2010 5:04:19 PM
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10/22/2010 5:04:19 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
10/18/2010
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8F Consent 2010 1018
(Reference)
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\City Clerk\City Council\Agenda Packets\2010\Packet 2010 1018
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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br /> RESOLUTION NO. 2010-133 <br /> RESOLUTION RESCINDING RESOLUTION NO. 2009-142 AND AUTHORIZING <br /> INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND AND <br /> DESIGNATING CERTAIN DEPOSITORIES AND FURTHER AUTHORIZING SPECIFIED <br /> CITY OFFICIALS TO REMIT MONEY IN THE CITY TREASURY TO THE STATE <br /> TREASURY FOR DEPOSIT IN THE LOCAL AGENCY INVESTMENT FUND <br /> WHEREAS, Pursuant to Chapter 730 of the statutes of 1976, Section 16429.1 was added to <br /> the California Government Code to create a Local Agency Investment Fund in the State Treasury for <br /> the deposit of money of a local agency for purposes of investment by the State Treasurer; and <br /> WHEREAS, the City Council does hereby find that the deposit and withdrawal of money in <br /> the Local Agency Investment Fund in accordance with the provisions of Section 16429.1 of the <br /> Govemment Code for the purpose of investment as stated therein is in the best interests of the City of <br /> San Leandro. <br /> NOW THEREFORE, BE IT RESOLVED, that the City Council does hereby authorize the <br /> deposit and withdrawal of City of San Leandro monies in the Local Agency Investment Fund in the <br /> State Treasury in accordance with the provisions of Section 16429.1 of the Govemment Code for the <br /> purpose of investment as stated therein, and verification by the State Treasurer's Office of all banking <br /> information provided in that regard. <br /> BE IT FURTHER RESOLVED, that the following City Officials or their successors in office <br /> shall be authorized to order the deposit or withdrawal of monies in the Local Agency investment <br /> Fund: <br /> Stephen L. Hollister Lianne Marshall <br /> City Manager Assistant City Manager <br /> e <br /> Tracy Vesel 1 Carlota Rodrikuez <br /> Finance Direc or Deputy Finance Director <br /> And it is further RESOLVED that Resolution No. 2009 -142 is hereby rescinded. <br />
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