IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO
RESOLUTION NO. 2024-XXX
RESOLUTION AUTHORIZING INVESTMENTS OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND AND
DESIGNATING CERTAIN DEPOSITORIES AND FURTHER AUTHORIZING SPECIFIC CITY OFFICIALS TO
REMIT MONIES IN THE CITY TREASURY TO THE STATE TREASURY FOR DEPOSIT IN THE LOCAL AGENCY
INVESTMENT FUND
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 finds that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429.1 of the Government Code for the purpose of investment as stated therein is in the best interests of the City of San Leandro.
NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows:
That the findings described above are made, and that the City Council authorizes the deposit and withdrawal of City of San Leandro monies in the Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section 16429.1 of the California Government Code for the purpose of investment as statement therein, and verification by the State Treasurer’s Office of all banking information provided in that regard; and
BE IT FURTHER RESOLVED, that the following City officials or their successors in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund:
Janelle T. Cameron
City Manager
T. Michael Yuen
Assistant City Manager
Felicia Silva
Assistant Finance Director
BE IT FURTHER RESOLVED, that Resolution No. 2022-174 is hereby rescinded.
Introduced by _______________ and passed and adopted this 21st day of October 2024 by the following vote:
AYES: ()
NOES: ()
DRAFT
RESOLUTION NO. 2024-XXX 2
ABSENT: ()
ATTEST:
Kelly B. Clancy, CMC
City Clerk
DRAFT