Resolution No. 2025-375
RESOLUTION NO. 2025-375
RESOLUTION OF THE MAYOR AND CITY COUNCIL OF
THE CITY OF SAN BERNARDINO, CALIFORNIA,
AUTHORIZING INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND (LAIF) IN
ACCORDANCE WITH CALIFORNIA GOVERNMENT
CODE SECTION 16429.1 AND APPROVING A LIST OF
DESIGNATED CITY OFFICERS AUTHORIZED TO
ORDER DEPOSITS AND WITHDRA WLS OF FUNDS IN
THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, the City of San Bernardino is a municipal corporation established under the laws of the State of California; and
WHEREAS, the Local Agency investment Fund is established by the State Treasurer under Government code 16429.1 et seq. for the deposit of money of a local agency for purposes of investment by the State Treasurer; and
WHEREAS, the Mayor and City Council hereby finds that the deposit 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 in the best interests of the City of San Bernardino; and WHEREAS, the Local Agency investment Funds (LAIF) is an authorized investment under the City's investment policy and under Government Code Section 53600; and WHEREAS, the City of San Bernardino needs to update its signatories periodically with LAIF due to changes in City staff or changes in staff duties and responsibilities; and WHEREAS, the City of San Bernardino designates the City Manager, Deputy City Manager, Interim Director of Finance and Management Services, and Director of Human Resources as authorized signers on LAIF accounts; and
WHEREAS, authorized signers will have the authority to deposit and withdraw funds with LAIF on behalf of the City; and
WHEREAS, deposits may only come from, and withdrawals may only be made by designated authorized signers on the account.
BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. The foregoing recitals are true and correct and are a substantive part of this Resolution.
SECTION 2. All previous resolutions of designated, authorized signers, if any, for the City of San Bernardino with the Local Investment Agency Fund are hereby revoked.
Resolution 2025-375
October 15, 2025
Resolution No. 2025-375
SECTION 3. The following City of San Bernardino officials, officers, and positions holding the titles specified herein below or their successors in office are each hereby authorized to order the deposit and 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 purpose of this resolution and transactions completed hereby:
ynthia Jeannie Abano Fortune
Interim Director of Finance and Management
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Tanya Romo
Deputy City Manager
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Andrea Russell
Director of Human Resources
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SECTION 4. Any one of the individu als named as an authorized signer acting on behalf of the Successor Agency, is authorized to execute documents on behalf of the Agency.
SECTION 5. Interest payments, withdrawals, and matured investments may only be transferred to an account of the City or paid by written demand to the City.
SECTION 6. That the Mayor and City Council of the City of San Bernardino finds this Resolution is not subject to the California Environmental Quality Act (CEQA) in that the activity is covered by the general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment. Where it can be seen with certainty, as in this case, that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA.
SECTION 7. Severability. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications, and to this end the provisions of this Resolution are declared to be severable.
SECTION 8. Effective Date. This Resolution shall become effective immediately.
APPROVED and ADOPTED by the City Council and signed by the Mayor and attested by the Acting City Clerk this 15th day of October, 2025.
Resolution 2025-375
October 15, 2025
Helen Tran, Mayor
City of San Bernardino
Attest:
Telicia Lopez, CMC, Acting City Clerk
Approved as to form:
Sonia Carvalho, City Attorney
Resolution 2025-375
October 15, 2025
Resolution No. 2025-375
CERTIFICATION
Resolution No. 2025-375
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO) ss
CITY OF SAN BERNARDINO )
I, Telicia Lopez, CMC, Acting City Clerk, hereby certify that the attached is a true copy of Resolution No. 2025-375, adopted at a regular meeting held on the 15th day of October, 2025 by the following vote:
Council Members:
SANCHEZ
IBARRA
FIGUEROA
SHORETT
KNAUS
FLORES
ORTIZ
AYES NAYS ABSTAIN ABSENT
WITNESS my hand and official seal of the City of San Bernardino this __ day of ____ _ 2025.
Resolution 2025-375
October 15, 2025
Telicia Lopez, CMC, Acting City Clerk