CITY OF FAIRFIELD
RESOLUTION NO. 2025-243
AUTHORIZING THE INVESTMENT OF CITY OF FAIRFIELD MONIES IN THE LOCAL AGENCY
INVESTMENT FUND (LAIF) BY CERTAIN OFFICERS AND AUTHORIZING THEM TO ORDER THE
DEPOSIT OR WITHDRAWAL OF MONIES IN LAIF
WHEREAS, Pursuant to Chapter 730 of the statutes of 1976, Section 16429.1 was added to the California Government Code to create a Local Agency Investment Fund in the State Treasury for the deposit of money of a local agency for purposes of investment by the State Treasurer; and
WHEREAS, the City Council hereby finds that the deposit and withdrawal of money for the City of Fairfield in the Local Agency Investment Fund (LAIF) is in accordance with the provisions of Section 16429.1 of the Government Code for the purpose of investment as stated therein as in the best interests of the City of Fairfield.
NOW, THEREFORE, THE COUNCIL OF THE CITY OF FAIRFIELD HEREBY RESOLVES:
Section 1. The council hereby authorizes the deposit and withdrawal of the City of Fairfield Account Nu mber 98-48-292 monies in LAIF in the State Treasury in accordance with the provisions of Section 16429.1 of the Government Code for the purpose of investment as stated therein and verifications by the State Treasurer’s Office of banking information provided.
Section 2. The following City of Fairfield officers holding the titles(s) specified hereinbelow or their successors in office are each hereby authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund and may execute and deliver any and all documents necessary of advisable in order to effectuate the purposes of this resolution and the transactions contemplated hereby:
A. John Furtado, Director of Finance
B. David Gassaway, City Manager
C. Myles Dixon, Accounting Manager
D. Tenzin Gangnay, Principal Accountant
E. Ashley Doyle, Budget Officer
F. Kristan Weihe, Senior Management Analyst
G. Theresa Gamble, Finance Support Supervisor
Section 3. This Resolution shall remain in full force and effect until rescinded by the council by resolution and a copy of the resolution rescinding this resolution is filed with the State Treasurer’s Office.
RES. NO. 2025-243
PASSED AND ADOPTED this 16th day of December 2025, by the following vote:
AYES: MEMBERS: MOY/BERTANI/CARR/PANDURO/SANDHU/TONNESEN/WILLIAMS NOES: MEMBERS: _________________________________________________ ABSENT: MEMBERS: _________________________________________________ ABSTAIN: MEMBERS: _________________________________________________
_________________________________________________
MAYOR
ATTEST:
___________________________
CITY CLERK