CC - 2012-26 - Designating the City Manager, Assistant City Manager, Chief Financial Officer and the Finance Manager as Officers of the City (2)RESOLUTION NO. 2012 -26
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD,
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, DESIGNATING THE
CITY MANAGER, ASSISTANT CITY MANGER, CHIEF FINANCIAL OFFICER
AND THE FINANCE MANAGER AS OFFICERS OF THE CITY.
WHEREAS, Pursuant to Chapter 730 of the statues of 1976, Section 16429.1
was added to the California Government Code to create a Local Agency Investment
Fund for the deposit of money of local agencies for the purpose of investment by the
State Treasurer; and
WHEREAS, The City Council 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
is in the best interest of the City of Rosemead; and
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD
HEREBY RESOLVES AS FOLLOWS:
That the City Council does hereby authorize the deposit and withdrawal of City of
Rosemead monies 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, 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 Rosemead officers or
their successors in office shall be authorized to order deposit or withdrawal of monies
in the Local Agency Investment Fund:
Jeff Allred
(Name)
Matthew E. Hawkesworth
(Name)
City Manager
(Title)
4�w -
(Signature)
Assistant City Manager
(Title)
(S gnature)
Steve Brisco
(Name)
Chief Financial Officer
(Title)
(Signature)
Carolyn A. Chu
(Name)
Finance Manager
(Title)
C"�� a - ck,,-
(Signature)
PASSED, APPROVED AND ADOPTED this 8th day of May 2012.
ATTEST:
J15�
G oria Molleda
City Clerk
APPROVED AS TO FORM:
,9/"/j " �
R chef Richman
City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Gloria Molleda, City Clerk of the City of Rosemead, do hereby certify that the foregoing
Resolution No. being 2012 -26:
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ROSEMEAD, COUNTY OF LOS
ANGELES, STATE OF CALIFORNIA,
DESIGNATING THE CITY MANAGER,
ASSISTANT CITY MANAGER, CHIEF
FINANCIAL OFFICER AND THE FINANCE
MANAGER AS OFFICERS OF THE CITY.
was duly and regularly approved and adopted by the Rosemead City Council on the 6Th of May,
2012, by the following vote to wit:
Yes: Alarcon, Armenta, Clark, Low, Ly
No: None
Abstain: None
Absent: None
,- A , A L J-1
Gloria Molleda
City Clerk
ROSEMEAD CITY COUNCIL
STAFF REPORT
TO: THE HONORABLE MAYOR AND CITY COUNCIL MEMBERS
FROM: JEFF ALLRED, CITY MANAGER Z?A
DATE: MAY 8, 2012
SUBJECT: TITLES OF OFFICERS AUTHORIZED TO MAKE DEPOSITS AND
WITHDRAWALS IN THE LOCAL AGENCY INVESTMENT FUND (LAIF)
SUMMARY
LAIF must have on file a City Resolution listing the exact names and titles of the officers
authorized to make deposits and withdrawals in the LAIF account. On April 8, 2008 the
City Council passed Resolution No. 2008 -28 designating the City Manager, the
Assistant City Manager and the Chief Financial Officer as officers of the City having
authority to make deposits and withdrawals in the LAIF account. With the attached
resolution the Finance Manager is also authorized to make deposits and withdrawals
from LAIF.
STAFF RECOMMENDATION
Staff recommends that the City Council approve the attached resolution listing the City
Manager, Assistant City Manager, Chief Financial Officer and Finance Manager as the
officers authorized to make deposits and withdrawals in the City's LAIF account.
Prepared by:
Steve Brisco
Finance Director
ITEM NO. f