IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO
RESOLUTION NO. 2024-XXX
RESOLUTION OF THE CITY OF SAN LEANDRO CITY COUNCIL ACTING AS THE SUCCESSOR AGENCY TO
THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO AUTHORIZING INVESTMENTS OF
MONIES BY THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY IN THE LOCAL AGENCY
INVESTMENT FUND AND DESIGNATING CERTAIN DEPOSITORIES AND FURTHER AUTHORIZING
SPECIFIED OFFICERS TO REMIT MONEY FROM THE CITY TREASURY TO THE STATE TREASURY FOR
DEPOSIT IN THE LOCAL AGENCY INVESTMENT FUND (UPDATING SUCCESSOR AGENCY TO THE
RECEVELOPMENT AGENCY SIGNATURE AUTHORITY FOR 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, acting in its capacity as the Successor Agency to the Redevelopment Agency of the City of San Leandro, does hereby find that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with the provisions of Section 16429.1 of the California Government Code for the purpose of investment as stated therein is in the best interests of the Successor Agency to the Redevelopment Agency of the City of San Leandro.
NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows:
That the finding mentioned above is made and does hereby authorize deposit and withdrawal of Successor Agency to the Redevelopment Agency of the 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 stated therein, and verification by the State Treasurer’s Office of all banking information provided in that regard; BE IT FURTHER RESOLVED, that the following Successor Agency to the Redevelopment Agency of the City of San Leandro officers 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
And it is further RESOLVED that Resolution No. 2022-175 is hereby rescinded.
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RESOLUTION NO. 2024-XXX 2
Introduced by _______________ and passed and adopted this 21st day of October 2024 by the following vote:
AYES: ()
NOES: ()
ABSENT: ()
ATTEST:
Kelly B. Clancy, CMC
City Clerk
DRAFT