CC - 2016-43 - Designating the City Mananger, Assistant City Manager, and The Finance Director as Officers of The City RESOLUTION NO. 2016-43
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, AND THE FINANCE DIRECTOR 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:
Bill R. Manis Brad McKinney
(Name) (Name)
City Manager Assistant City Manager
(Title) (Title)
(Signature) (Signature)
Carolyn A. Chu
(Name)
Finance Director
(Title) /,
(Signature)
PASSED, APPROVED and ADOPTED this 23`°;^day of August 2016.
l 234K
Sandra Armenta, ayor
ATTEST:
Donohue, City Clerk
_,APPROV D AS TO FORM:
1
' Rachel Richman, City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF ROSEMEAD
I, Marc Donohue, City Clerk of the City Council of the City of Rosemead, California, do hereby
certify that the foregoing City Council Resolution, No. 2016-43, was duly adopted by the City
Council of the City of Rosemead, California, at a regular meeting thereof held on the 23rd day
of August.2016. by the following vote, to wit:
AYES: ALARCON, ARMENTA, CLARK, LOW, LY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
/ d
Marc Donohue. -ity Clerk