HomeMy WebLinkAboutCC AG PKT 2006-07-24 #H t
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AGENDA REPORT 6,°
DATE: July 24, 2006
TO: Honorable Mayor and City Council
THRU: John B. Bahorski, City Manager
FROM: Keith A. Evanof, LIMA, CRP, CRRA
Director of Administrative Services /Treasurer
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:
The City has invested monies with the Local Agency Investment Fund (LAIF) since the
passage of resolution number 2638 dated January 24, 1977. The last update provided to
LAIF was on September 22, 2003. Due to recent changes in Staff positions, an update of
officers authorized to transact with LAIF on behalf of the City is required. The attached
resolution supersedes resolution number 5163.
RECOMMENDATION:
That Council update the list of officers authorized to transact with LAIF on behalf of the
City.
/ ,
Keith A. Evanoff, LIMA, C'1
Director o dministrative ervices /Treasurer ,6
A John ' : Bahorski
City 1 anager
Agenda Item ff
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH
AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND AND SUPERSEDING RESOLUTION NUMBER 5163.
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 Treasury for the deposit of money of a local agency for purposes of investment
by the State 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 accordance with the
provisions of Section 16429.1 of the Government Code for the purpose of 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 monies in the
Local Agency Investment Fund in the State Treasury in accordance with the provisions of
Section 16429.1 of the 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 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:
Keith A. Evanoff Teresa Gonzalez John B. Bahorski
Director of Administrative Administrative Services City Manager
Services /Treasurer Manager
PASSED, APPROVED AND ADOPTED by the City Council at the City of Seal Beach
at a meeting thereof held on the 24 day of July, 2006 by the following vote:
AYES: Council Members
NOES: Council Members
ABSTAIN: Council Members
Mayor
ATTEST:
Linda Devine, City Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Linda Devine, City Clerk of the City of Seal Beach, California, do hereby certify that
the foregoing resolution is the original copy of the Resolution Number on file in
the office of the City Clerk passed, approved and adopted by the City Council of the City
of Seal Beach as a regular meeting thereof held on the 24 day of July , 2006.
City Clerk