HomeMy WebLinkAboutResolutions - No. 2017-171RESOLUTION NO. 2017 -17 1
A RESOLUTION OF THE LODI CITY COUNCIL
GRANTING SIGNATURE AUTHORITY TO CERTAIN
CITY STAFF FOR INVESTMENT OF MONIES IN
THE LOCAL AGENCY INVESTMENT FUND
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WHEREAS, pursuant to Chapter 730 of the statues of 1976, Section 16429.1was added
to the California Góvernment Code to create a Local Agency lnvestment Fund in the State
Treasury for the deposit of money of a local agency for purposes of investment by the State
Treasurer; and
WHEREAS, the Lodi City Council does hereby find that the deposit and withdrawal of
money in the Local Agency lnvestment Fund in accordance with the provisions of Section
16429.1of the Government Code for the purpose of investment as stated therein is in the best
interest of the City of Lodi.
NOW, THEREFORE, BE lT RESOLVED that the Lodi City Council does hereby
authorize the deposit and withdrawal of City of Lodi monies in the Local Agency lnvestment
Fund in the State Treasury in accordance with the provisions of Section 16429Í 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; and
BE tT FURTHER RESOLVED that the following City of Lodi officers or their successors
in office shall be authorized to order the deposit or withdrawal of monies in the Local Agency
lnvestment Fund
Stephen Schwabauer
City Manager
Andrew Keys
Deputy City Manager/
lnternal Services Director
(Signature)
Susan Bjork
Supervising Budget
Analyst
re)
Dated: September6,2017
I hereby certify that Resoh.rtion No. 2017-171as passed and adopted by the City Council
of the City of Lodi in a regular meeting held September 6, 2017 , by the following votes:
AyES: COUNCIL MEMBERS - Chandler, Johnson, Mounce, Nakanishi, and
Mayor Kuehne
NOES: COUNCIL MEMBERS - None
ABSENT: COUNCIL MEMBERS - None
ABSTAIN: COUNCIL MEMBERS - None
)
2017-171
Clerk
LO