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RESOLUTION (ID#2640) DOC ID: 2640 B
CITY OF SAN BERNARDINO—REQUEST FOR COUNCIL ACTION
Information/Report
From: David C. Kennedy M/CC Meeting Date: 09/16/2013
Prepared by: Palupe T. Iosefa, (909) 384-
5022
Dept: Treasurer's Office Ward(s): All
Subject:
Resolution of the Mayor and Common Council of the City of San Bernardino Authorizing
Investment of City of San Bernardino Monies in Local Agency Investment Fund. (#2640)
Current Business Registration Certificate: Not Applicable
Financial Impact:
Account Budgeted Amount: <<Insert Amount>> None
Account No. <<Insert Account No.>>
Account Description: <<Insert Account Description
Balance as of. <<Insert Date>>
Balance after approval of this item: <<Insert Amount»
Please note this balance does not indicate available funding. It does not include non-encumbered
reoccurring expenses or expenses incurred,but not yet processed.
Motion: Adopt the Resolution.
Synopsis of Previous Council Action:
<<Insert synopsis here>>
Background:
<<Insert background here>>
City Attorney Review:
Yes
Supporting Documents:
reso 2640 (PDF)
LAIF UPDATE SIGNATURES (PDF)
Updated: 9/10/2013 by Palupe T.Iosefa B Packet Pg.263
RESOLUTION NO.
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO AUTHORIZING INVESTMENT OF CITY OF SAN
BERNARDINO MONIES IN LOCAL AGENCY INVESTMENT FUND.
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO AS FOLLOWS:
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 in the State Treasury for the deposit of money of a
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local agency for purposes of investment by the State Treasurer; and o
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WHEREAS, the Mayor and Common Council do hereby find that the
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deposit and withdrawal of money in the Local Agency Investment Fund in c
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accordance with the provisions of Section 16429.1 of the Government Code
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for the purposes of investment as stated therein is in the best interests of the o
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City of San Bernardino.
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NOW, THEREFORE, BE IT RESOLVED that the Mayor and Common Council of N
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the City of San Bernardino do hereby authorize the deposit and withdrawal of the City of
San Bernardino monies in the Local Agency Investment Fund in the State Treasury in
accordance with the provisions of Section 16429.1 of the Government Code for the purpose
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of investment as stated therein.
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Packet Pg.264
5.N.a
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO AUTHORIZING INVESTMENT OF CITY OF SAN
BERNARDINO MONIES IN LOCAL AGENCY INVESTMENT FUND.
BE IT FURTHER RESOLVED that the following San Bernardino City Officers or
their successors in office shall be authorized to order the deposit or withdrawal of monies in
the Local Agency Investment Fund:
City Treasurer c
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Palupe T osefa eputy City Treasurer N
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Treasurer Assistant J
eryl Vil gas
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Packet Pg. 265
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO AUTHORIZING INVESTMENT OF CITY OF SAN
BERNARDINO MONIES IN LOCAL AGENCY INVESTMENT FUND.
I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor
and Common Council of the City of San Bernardino at a meeting thereof, held
on the day of , 2013,by the following vote,to wit:
COUNCIL MEMBERS AYES NAYS ABSTAIN ABSENT =
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MARQUEZ '
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JENKINS
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VALDIVIA
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SHORETT
KELLEY o_
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JOHNSON
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MCCAMMACK N
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Georgeann Hanna, City Clerk
City of San Bernardino
The foregoing resolution is hereby approved this day of ,2013.
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Patrick Morris,Mayor
City of San Bernardino
Approved as to form:
James F. Penman
City Att ey
BY:
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Packet Pg.266
5.N.b
RESOLUTION OF CITY OF SAN BERNARDINO
AGENCY AGENCY
ADDRESS 300 N. D Street PHONE NUMBER 909-384-5021
AUTHORIZING INVESTMEN OF MONIES
IN THE LOCAL AGENCY INVE TMENT FUND
WHEREAS, The Local Agency Investment Fund is established in the State Treasury
under Government Code Section 16429.1 et. Seq. for the deposit if money of a local agency for
purposes of investment by the State Treasurer; and
WHEREAS, the City Council hereby finds that the deposit and withdrawal of money in o
the Local Agency Investment Fund in accordance with Government Code section 16429.1 et.
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seq. for the purpose of investment as provided therein is in the best interests of the City of San
Bernardino;
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NOW THEREFORE, BE IT RESOLVED, that the City Council hereby authorizes the
deposit and withdrawal of City of San Bernardino 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. W
BE IT FURTHER RESOLVED, as follows:
Section 1. The following City of San Bernardino officers holding the title specified hereinbelow
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 w
documents necessary or advisable in order to effectuate the purposes of this resolution and the a
transactions contemplated hereby: a
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David C. Kennedy Palupe T. losefa Sheryl Villegas Q
(NAME) (NAME) (NAME) -�
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City Treasurer Deputy City Treasurer Treasurer Assistant E
(TITLE) (TITLE) (TITLE)
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Section 2. 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.
PASSED AND ADOPTED, by the City Council of City of San Bernardino San
Bernardino County of State of California on
Packet Pg. 267