HomeMy WebLinkAbout2012-084
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RESOLUTION NO. 2012-84
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO SERVING AS THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO
CONFIRMING THE INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND AND DESIGNATING AUTHORIZED SIGNATORIES
FOR THAT LAIF ACCOUNT
AGENCY
ADDRESS: 201 North "E" Street. Suite 301
San Bernardino. CA 92401
AGENCY
PHONE NUMBER: (909) 663-1044
AUTHORIZING INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT FUND
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 ("LAIF") in the State
Treasury for the deposit of money of a local agency for purposes of investment by the State
Treasurer; and
WHEREAS, pursuant to such provisions the Redevelopment Agency of the City of San
Bernardino ("Agency") established an account with LAIF in December 15, 2003/Resolution No.
CDCI2003-44; and
WHEREAS, pursuant to ABxl 26, the Agency was dissolved effective February 1, 2012;
and
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WHEREAS, on January 9,2012, the City Council of the City of San Bernardino adopted its
Resolution No. 2012-12 providing that it is the successor agency thereto, as provided and required
by ABxl 26, and as the successor agency, the City is the holder of such LAIF account; and
WHEREAS, LAIF requires that this Resolution be readopted with updated signatories as a
result of that dissolution and transfer to the successor agency of certain assets of the Agency; and
WHEREAS, the City Council as the successor agency 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
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best interests of the successor agency.
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2012-84
1 NOW THEREFORE, BE IT RESOLVED, that the City Council does hereby authorize the
2 deposit and withdrawal of successor agency monies in the Local Agency Investment Fund in the
3 State Treasury in accordance with the provisions of Section 16429.1 of the Government Code for
4 the purpose of investment as stated therein, and verification by the State Treasurer's Office of all
5 banking information provided in that regard.
6 BE IT FURTHER RESOLVED, that the following successor agency officers or their
7 successors in office shall be authorized to order the deposit or withdrawal of monies in the Local
8 Agency Investment Fund:
9 Patrick J. Morris
(NAME)
Chas Kellev
(NAME)
Andrea Travis-Miller
(NAME)
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11 Mavor, City of San Bernardino
(TITLE)
~~~
(~RE) ~
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Assistant City Manager
~TLE) _
J.,,~tflJ!lA rM
(SIGNATURE)
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Jason P. Simpson
15 (NAME)
Emil A. Marzullo
(NAME)
16 Director of Finance
17 (TITLE)
.
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Interim Executive Director
(TITLE)
~~
(SIGN
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Section 1. This Resolution shall take effect upon its adoption and execution in the manner
21 as required by the City Charter.
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2012-84
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO SERVING AS THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO
CONFIRMING THE INVESTMENT OF MONIES IN THE LOCAL AGENCY
INVESTMENT FUND AND DESIGNATING AUTHORIZED SIGNA TORIES
FOR THAT LAIF ACCOUNT
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor and
6 Common Council of the City of San Bernardino at a
meeting thereof,
ioint regular
7 held on the 7th day of
8 Council Members:
9 MARQUEZ
10 JENKINS
11 VALDIVIA
12 SHORETT
13 KELLEY
14 JOHNSON
15 MC CAMMACK
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May ,2012, by the following vote, to wit:
Abstain
Absent
Ayes
Nays
x
-X-
x
x
-L
x
x
~~~~
George ... Hann : City Clerk
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19 The foregoing Resolution is hereby approved this I 0 ~;t;~ay of
May
,2012.
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23 Approved as to Form:
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.~
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