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Sx <br />i! <br />A' City of San Leandro <br />Meeting Date: May 7, 2012 <br />00 11 . Resolution - SA <br />File Number: 12 -203 Agenda Section: CONSENT CALENDAR <br />Agenda Number: <br />TO: City Council <br />FROM: Chris Zapata <br />City Manager <br />BY: David Baum <br />Finance Director <br />FINANCE REVIEW: David Baum <br />Finance Director <br />TITLE: ADOPT: Resolution of the City Council of the City of San Leandro, Acting in <br />its Capacity as Successor Agency to the Redevelopment Agency of the City of <br />San Leandro, Rescinding Resolution No. 2012 -011 and Authorizing <br />Investment of Monies by the Successor Agency to the Redevelopment <br />Agency of the City of San Leandro in the Local Agency Investment Fund and <br />Designating Certain Depositories and Further Authorizing Specified Officers to <br />Remit Money in the City Treasury to the State Treasury for Deposit in the <br />Local Agency Investment Fund (LAIF) (approves investment and signature <br />change to reflect the new Finance Director to the LAIF accounts for the <br />Successor Agency) <br />WHEREAS, Pursuant to Chapter 730 of the statutes of 1976, Section 16429.1 was added <br />to the California Government Code to create a Local Agency Investment Fund in the State <br />Treasury for the deposit of money of a local agency for purposes of investment by the State <br />Treasurer; and <br />WHEREAS, the City Council, acting in its capacity as Successor Agency to the <br />Redevelopment Agency of the City of San Leandro, does hereby find that the deposit and <br />withdrawal of money in the Local Agency Investment Fund in accordance with the provisions <br />of Section 16429.1 of the Government Code for the purpose of investment as stated therein is <br />in the best interests of the Successor Agency to the Redevelopment Agency of the City of San <br />Leandro. <br />NOW THEREFORE, BE IT RESOLVED, that the City Council does hereby authorize the <br />deposit and withdrawal of RDA monies in the Local Agency Investment Fund in the State <br />Treasury in accordance with the provisions of Section 16429.1 of the Government Code for <br />the purpose of investment as stated therein, and verification by the State Treasurer's Office of <br />all banking information provided in that regard. <br />BE IT FURTHER RESOLVED, that the following Successor Agency to the Redevelopment <br />Agency of the City of San Leandro officers or their successors in office shall be authorized to <br />City of San Leandro Page 1 Printed on 51112012 <br />