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City of San Leandro <br />Meeting Date: May 7, 2012 <br />Resolution - EDA <br />File Number: 12 -204 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 Economic Development Agency of the City of San <br />Leandro (EDA) Rescinding Resolution No. 2012 -001 EDA and Authorizing <br />Investment of Monies in the Local Agency Investment Fund and Designating <br />Certain Depositories and Further Authorizing Specified Officers to Remit <br />Money in the City Treasury to the State Treasury for Deposit in the Local <br />Agency Investment Fund (approves the Investment and Signature changes to <br />reflect the new Finance Director) <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 Board of Directors 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 Economic Development Agency (EDA) of the City of San Leandro. <br />NOW THEREFORE, BE IT RESOLVED, that the Board of Directors of the Economic <br />Development Agency of the City of San Leandro does hereby authorize the deposit and <br />withdrawal of EDA monies in the Local Agency Investment Fund in the State Treasury in <br />accordance with the provisions of Section 16429.1 of the Government Code for the purpose <br />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 Economic Development Agency of the <br />City of San Leandro officers or their successors in office shall be authorized to order the <br />deposit or withdrawal of monies in the Local Agency Investment Fund: <br />Chris Zapata <br />Lianne Marshall <br />City of San Leandro <br />Page 1 <br />Printed on 51112012 <br />