HomeMy WebLinkAboutCC AG PKT 2008-02-11 #J
AGENDA STAFF REPORT
e
DATE:
February 11, 2008
TO:
Honorable Mayor and City Council
THRU:
David Carmany, Executiye Director
FROM:
Robbeyn Bird, Director of Administrative ServicesfI'reasurer
SUBJECT:
OFFICERS AUTHORIZED TO TRANSACT WITH
LAIF
SUMMARY OF REQUEST:
Staff requests Council to update the officers authorized to transact with the Local Agency
Investment Fund (LAIF).
BACKGROUND:
e
The City has invested monies with the Local Agency Investment Fund since the passage
of resolution number 2638 dated January 24, 1977. The last update provided to LAIF
was on December 10, 2007. Due to the recent reorganization of the Administrative
Services Department, it is necessary to update the list of City Personnel authorized to
transact with LAIF on behalf of the City. The attached resolution supersedes resolution
number 5631.
FISCAL IMPACT:
None
RECOMMENDATION:
That COllncil update the list of officers authorized to transact with LAIF on behalf of the
City.
SUBMITrED BY:
NOTED AND APPROVED:
e
O.J.J.'~~
Robbeyn ird, CPA
Director of Administrative ServicesfTreasurer
~~
David Carmany
Executive Director
Attachment: Resolution
Agenda Item ,/
e
RESOLUTION NUMBER
A RESOLUTION OF THE CIlY COUNCIL OF THE CITY OF SEAL
BEACH AUTHORIZING INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND AND SUPERSEDING
RESOLUTION NUMBER 5631.
WHEREAS. Pursuant to Chaptar 730 of the statutes of 1976 Section 16429.1
was added to tha California Government Code to create a Local Agency
Investmant Fund In the State Treasury for the deposit of money of a local agency
for purposes of Investment by tha State Treasury for the deposit of money of a
local agency for purposes of Investment by the Stete Treasurer. and
WHEREAS, the City Council of the City of Seal Beach does hereby find that the
deposit and withdrawal of money In the Local Agency Investment Fund in
accordanca with the provlsions of Section 16429.1 of tha Government Code for
the purpose for Investment as stated therein as In the best interests of the City of
Seal Beach.
NOW THEREFORE, BE IT RESOLVED, that the City Council of Seal
Beach does hereby authorize the deposit and withdrawal of the City of Seal
Beach 1l10nles In the Local Agency Investment Fund In the State Treasury In
accordance with the provlslons of Section 16429.1 of the Government Code for
the purpose of Investment as stated therein. and verification by the State
Treasure~s Office of all banking Information provided In that regard.
BE IT FURTHER RESOLVED, that the following City of Seal Beach officers or
their successors In office shall be authorized to order the deposit or withdrawal of
monies In the Local Agency Investment Fund:
e
Robbeyn Bird
Director of Administrative
Services/Treasurer
Alayna Hoang
Accountant
David Carmany
City Manager
PASSED, APPROVED. AND ADOPTED by the City Council of the City of Seal
Beach on the 11 th day of Februarv . 2006 by the following vote:
AYES: Council Members
NOES: Council Members
ABSENT: Council Members
ABSTAIN: Council Members
Mayor
A TrEST:
e
City Cler\(
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Unda Devlne, City Cler\( of Seal Beach, California, do hereby certify that the
foregoing resolution Is the original copy of Resolution Number on file In
the office of the City Cler\(, passed, approved, and adopted by the City Council of
the City of Seal Beach, at a regular meeting thereof held on the 11th day of
Februarv , 2006.
City Cler\(