RESOLUTION R20XX-XX
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MANTECA, STATE OF CALIFORNIA, RESCINDING RESOLUTION NO. R2020-151 AND AUTHORIZING INVESTMENT OF THE CITY OF MANTECA’S MONIES IN THE LOCAL AGENCY INVESTMENT FUND (LAIF) WHEREAS, The Local Agency Investment Fund is established in the State Treasury under Government Code section 16429.1 et. seq. for the deposit of money of a local agency for purposes of investment by the State Treasurer; and; WHEREAS, the City Council approved Resolution No. R2020-151 on September 15, 2020; and WHEREAS, the individuals listed on the original resolution have either separated employment or positions in the department have been realigned; and WHEREAS, the City Council hereby finds that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with Government code section 16429.1 et. seq. for the purpose of investment as provided therein is in the best interests of the City of Manteca; and WHEREAS, the City Council has considered all information related to this matter, as presented at the public meetings of the City Council identified herein, including any supporting reports by City staff, and any information provided during public meetings.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Manteca, as follows:
The City Council hereby finds that the facts set forth in the recitals to this Resolution are true and correct, and establish the factual basis for the City Council’s adoption of this Resolution.
The City Council rescinds Resolution No. R2020-151.
The City Council hereby authorizes the deposit and withdrawal of (City/District) monies in the Local Agency Investment Fund in the State Treasury in accordance with Government Code section 16429.1 et. seq. for the purpose of investment as provided therein.
The following City officers holding the title(s) specified herein below 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 or advisable in order to effectuate the purposes of this resolution and the transactions contemplated hereby:
Toni Lundgren Jose Jasso
City Manager Assistant City Manager
Vacant Bret Harmon
Deputy City Manager Finance Director
Jared Hansen Vacant
Deputy Finance Director Accounting Manager/Supervisor
Vacant Timothy Lopez
Senior Accountant Accountant II
Jessica Guevara
Accountant I
This resolution shall remain in full force and effect until rescinded by the City Council by resolution and a copy of the resolution rescinding this resolution is filed with the State Treasurer’s Office.
This Resolution shall take effect immediately upon its adoption.
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the City of Manteca at a public meeting of said City Council held on the ____ day of ______, 20__, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
MAYOR: __________________________
BENJAMIN J. CANTU
Mayor
ATTEST: __________________________
CASSANDRA CANDINI-TILTON
City Clerk
ATTACHMENT 1
R20XX-XX Page PAGE 2 of NUMPAGES 2 Type approved date of resolution here R20XX-XX Page PAGE 1 of NUMPAGES 2 Type approved date of resolution here