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Reso 2021-161 Authorizing Investment of Monies in the Local Agency Investment Fund
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Reso 2021-161 Authorizing Investment of Monies in the Local Agency Investment Fund
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Last modified
12/21/2023 1:49:17 PM
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11/30/2021 2:58:21 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
11/15/2021
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8H Consent 2021 1115
(Approved)
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\City Clerk\City Council\Agenda Packets\2021\Packet 2021 1115
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RESOLUTION THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />RESOLUTION NO.2021-161 <br />RESOLUTION OF THE CITY OF SAN LEANDRO CITY COUNCIL TO RESCIND <br />RESOLUTION NO.2021-039 AND AUTHORIZING INVESTMENT OF MONIES IN <br />THE LOCAL AGENCY INVESTMENT FUND AND DESIGNATING CERTAIN <br />DEPOSITORIES AND FURTHER AUTHORIZING SPECIFIED CITY OFFICIALS TO <br />REMIT MONEY IN THE CITY TREASURY TO THE STATE TREASURY FOR <br />DEPOSIT IN THE LOCAL AGENCY 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 City Council finds that the deposit and withdrawal of money in the <br />Local Agency Investment Fund in accordance with the provisions of Section 16429.1 of the <br />Government Code for the purpose of investment as stated therein is in the best interests of the <br />City of San Leandro. <br />NOW THEREFORE, the City Council of the City of San Leandro does hereby <br />RESOLVE, that the findings mentioned above are made, and that the City Council authorizes <br />the deposit and withdrawal of City of San Leandro monies in the Local Agency Investment Fund <br />in the State Treasury in accordance with the provisions of Section 16429.1 of the California <br />Government Code for the purpose of investment as stated therein, and verification by the State <br />Treasurer's Office of all banking information provided in that regard; and <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 />Frances M. Robustelli <br />City Manager <br />Janelle T. Cameron <br />Assistant City Manager <br />Chui Mun (Susan) Hsieh <br />Finance Director <br />Karen Chang <br />Assistant Finance Director <br />And it is further RESOLVED that Resolution No. 2021-039 is hereby rescinded. <br />
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