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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br /> <br />RESOLUTION NO. 2024-136 <br /> <br />RESOLUTION AUTHORIZING INVESTMENTS OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND <br />AND DESIGNATING CERTAIN DEPOSITORIES AND FURTHER AUTHORIZING SPECIFIC CITY <br />OFFICIALS TO REMIT MONIES IN THE CITY TREASURY TO THE STATE TREASURY FOR DEPOSIT IN THE <br />LOCAL AGENCY INVESTMENT FUND <br /> <br />WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429.1 was added to the <br />California Government Code to create a Local Agency Investment Fund in the State Treasury for the <br />deposit of money of a local agency for purposes of investment by the State Treasurer; and <br /> <br />WHEREAS, the City Council finds that the deposit and withdrawal of money in the Local Agency <br />Investment Fund in accordance with the provisions of Section 16429.1 of the Government Code for the <br />purpose of investment as stated therein is in the best interests of the City of San Leandro. <br /> <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows: <br /> <br />That the findings described above are made, and that the City Council authorizes the deposit and <br />withdrawal of City of San Leandro monies in the Local Agency Investment Fund in the State Treasury in <br />accordance with the provisions of Section 16429.1 of the California Government Code for the purpose of <br />investment as statement therein, and verification by the State Treasurer’s Office of all banking <br />information provided in that regard; and <br /> <br />BE IT FURTHER RESOLVED, that the following City officials or their successors in office shall be <br />authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund: <br /> <br />Janelle T. Cameron <br />City Manager <br /> <br />T. Michael Yuen <br />Assistant City Manager <br /> <br />Felicia Silva <br />Assistant Finance Director <br /> <br />BE IT FURTHER RESOLVED that Resolution No. 2022-174 is hereby rescinded. <br /> <br />Introduced by Councilmember Aguilar and passed and adopted this 21st day of October 2024 by the <br />following vote: <br /> <br />AYES: Councilmembers Aguilar, Ballew, Bowen, Simon, Viveros-Walton and Mayor González (6) <br /> <br />NOES: None (0) <br />