HomeMy WebLinkAbout8131RESOLUTION NO 8131
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
AUTHORIZING INVESTMENT OF CITY MONIES 1N THE LOCAL AGENCY
INVESTMENT FUND AND RESCINDING RESOLUTION NO 7677
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 for purposes
of investment by the State Treasurer, and
WHEREAS, the City Council of the City of Redlands finds that the deposit and withdrawal
of money in the Local Agency Investment Fund in accordance with Government Code section
16429 1 et seq for the purpose of investment as provided therein is in the best interests of the City,
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Redlands
hereby as follows
Section 1 The City Council hereby authorizes the deposit and withdrawal of City
monies in the Local Agency Investment Fund in the State Treasury, in accordance with
Government Code section 16429 1 et seq for the purpose of investment as provided therein
Section 2 The following City of Redlands officers holding the title(s) specified herein
below or their successors in office are each hereby authorized to order the deposit or withdrawal
of monies in the Local Agency Investment Fund and may execute and deliver any and all
documents necessary or advisable in order to effectuate the purposes of this resolution and the
transactions contemplated hereby
Robert Dawes
(NAME)
City Treasurer
Danielle Garcia Farrah Jenner
(NAME)
Management Services/
Finance Director
TITLE) (TITLE)
(SIGNATURE)
(NAME)
Assistant Finance Director
(TITLE)
Section 3 This resolution shall remain in full force and effect until rescinded by City
Council by resolution and a copy of the resolution rescinding this resolution is filed with the State
Treasurer's Office
Section 4 That Resolution No 7677 is hereby rescinded
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ADOPTED, SIGNED AND APPROVED this 1st day of September, 2020
Paul W Foster, Mayor
ATTEST
e Donaldson, City Clerk
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I, Jeanne Donaldson, City Clerk of the City of Redlands, hereby certify that the foregoing
resolution was duly adopted by the City Council at a regular meeting thereof held on the 1st day
of September, 2020
AYES Couneilmembers Banch, Tejeda, Momberger, Davis, Mayor Foster
NOES None
ABSENT None
ABSTAINED None
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e Donaldson, City Clerk