HomeMy WebLinkAboutReso 2023-112 - Adopt Resolution authorizing investment of monies in the Local Agency Investment Fund RESOLUTION NO. 2023-112
A RESOLUTION QF THE CITY COUNCIL OF THE CITY OF REDDING
AUTH�RIZING INVESTMENT ()F MC?NIES IN THE LOCAL AGENCY
INVESTMENT FUND
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 far purposes
of investment by the State Treasurer; and
WHEREAS, the City Council of the City af Redding daes hereby find that the deposit and
withdrawal of maney in the Loca1 Agency Investment Fund in accordance with Government Code
section 1 b429.1 et. seq. for the purpose of investment as provided therein is in the best interests of
the City of Redding;
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby authorizes the deposit
and withdrawal of City af Redding monies in the Local Agency Investment Fund in the State
Treasury in accordance with Gavernment Code section 16429.1 et. seq. for the purpose of
investment as provided therein.
BE IT FURTHER REStJLVEI} as follows:
Section 1. The following City of Redding officers holding the title(s} specified hereinbelow, or
their successars in office, are each hereby authQrized to arder the deposit ar withdrawal af manies
in the Loca1 Agency Tnvestmen� Fund and may execute and deliver any and a11 documents
necessary or advisable in arder to effectuate the purpases of this resalution and the transactions
contemplated hereby:
Greg Robinett-Director af FinancelCity Treasurer
Bailey Warley- Finance Officer
Tammy Mann—Finance Officer
Vacant—Deputy City Treasurer
Sectian 2. This Resolution shall remain in full force and effect until rescinded by City
Council/Baard of Directors by resolution and a copy af the resolutian rescinding this Resolutian
is filed with the State Treasurer's 4ffice.
BE IT FURTHER RESOLVED that Resolutian No. 84-262, adopted by the City Council af the
City of Redding an the 19th day of November, 1984, is hereby rescinded.
I HEREBY CERTIFY, that the foregoing resolution was introduced and adopted at a regular
meeting af the City Council of the City of Redding on the 7th day of November, 2423, by the
fallowing vote:
A�ES: CUUNCIL MEMBERS: Audette,Mezzano,Munns,Winter,and Dacquisto
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
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MICHAEL DAQUISTO,Mayor
ATTEST: APPROVED AS TO FORM:
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,,�'SI�ARLEl`�1E TIPTO��; C�ty Clerl� BA YSE. D AL , ity Attorney