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8H Consent 2012 0206
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8H Consent 2012 0206
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Last modified
2/10/2012 2:27:35 PM
Creation date
1/31/2012 5:11:56 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
2/6/2012
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PERM
Document Relationships
_CC Agenda 2012 0206 CS+RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2012\Packet 2012 0206
EDA Reso 2012-001
(Reference)
Path:
\City Clerk\City Council\Resolutions\2012
Reso 2012-009
(Reference)
Path:
\City Clerk\City Council\Resolutions\2012
Reso 2012-010
(Reference)
Path:
\City Clerk\City Council\Resolutions\2012
Reso 2012-011
(Reference)
Path:
\City Clerk\City Council\Resolutions\2012
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City of San Leandro <br />Meeting Date: February 6, 2012 <br />Resolution - Council <br />File Number: 12 -047 <br />TO: City Council <br />FROM: Chris Zapata <br />City Manager <br />BY: James O'Leary <br />Interim Finance Director <br />FINANCE REVIEW: James O'Leary <br />Agenda Section: CONSENT CALENDAR <br />Agenda Number: <br />Interim Finance Director <br />TITLE: ADOPT: Resolution Rescinding Resolution No. 2011 -142 and Authorizing <br />Investment of Monies in the Local Agency Investment Fund and Designating <br />Certain Depositories and Further Authorizing Specified City Officials to Remit <br />Money in the City Treasury to the State Treasury for Deposit in the Local <br />Agency Investment Fund <br />WHEREAS, Pursuant to Chapter 730 of the statutes of 1976, Section 16429.1 was <br />added to the California Government Code to create a Local Agency Investment Fund in the <br />State Treasury for the deposit of money of a local agency for purposes of investment by the <br />State Treasurer; and <br />WHEREAS, the City Council does hereby find that the deposit and withdrawal of <br />money in the Local Agency Investment Fund in accordance with the provisions of Section <br />16429.1 of the Government Code for the purpose of investment as stated therein is in the <br />best interests of the City of San Leandro. <br />NOW THEREFORE, BE IT RESOLVED, that the City Council does hereby authorize <br />the deposit and withdrawal of City of San Leandro monies in the Local Agency Investment <br />Fund in the State Treasury in accordance with the provisions of Section 16429.1 of the <br />Government Code for the purpose of investment as stated therein, and verification by the <br />State Treasurer's Office of all banking information provided in that regard. <br />BE IT FURTHER RESOLVED, that the following City Officials or their successors in <br />office shall be authorized to order the deposit or withdrawal of monies in the Local Agency <br />Investment Fund: <br />Chris Zapata <br />City Manager <br />Lianne Marshall <br />Assistant City Manager <br />City of San Leandro Page 1 Printed on 113112012 <br />
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