Laserfiche WebLink
City of San Leandro <br />Meeting Date: July 20, 2015 <br />Resolution - EDA <br />Agenda Section:File Number:15-438 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:RESOLUTION Rescinding Resolution No. 2012-02 EDA and Authorizing <br />Investment of Monies by the Economic Development Agency of the City of <br />San Leandro in the Local Agency Investment Fund and Designating Certain <br />Depositories and Further Authorizing Specified Officers to Remit Money in the <br />City Treasury to the State Treasury for Deposit in the Local Agency <br />Investment Fund <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 />City Manager <br />Page 1 City of San Leandro Printed on 7/14/2015