HomeMy WebLinkAbout8492RESOLUTION NO. 8492
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
AUTHORIZING INVESTMENT OF CITY MONIES IN THE LOCAL AGENCY
INVESTMENT FUND AND RESCINDING RESOLUTION NO. 8278
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:
Phillip Doolittle, City Treasurer
Danielle Garcia,
Management Services/Finance Director
James Garland, Assistant Finance Director
Aimee Hoover, Revenue Supervisor
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Signature
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 This resolution shall remain in full force and effect until rescinded by City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 That Resolution No. 8278 is hereby rescinded.
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ADOPTED, SIGNED AND APPROVED this 5th day of July, 2023
Eddie Tejeda, Mayor
ATTEST:
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 5th day
of July, 2023.
AYES: Councilmembers Davis, Guzman -Lowery, Saucedo; Mayor Tejeda
NOES: None
ABSENT: Councilmember Barich
ABSTAINED: None
e Donaldson, City Clerk
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