HomeMy WebLinkAboutReso - CC - 101-2021DocuSign Envelope ID: 352AFB72-12CD-4588-A441-EBEC009F8037
RESOLUTION NO. 101-2021
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME AUTHORIZING
INVESTMENT OF MONIES INTHE STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT
FUND
WHEREAS, pursuant to Government Code sections 16429.1 to 16429.4, the State has
created a Local Agency Investment Fund in the Treasury of the State of California for the deposit of
money of local agencies for the purposes of investment with the California State Treasurer; and
WHEREAS, the City Council of the City of Burlingame hereby reaffirms that the deposit and
withdrawal of money into and out of the Local Agency Investment Fund in accordance with the
provisions of the California Government Code and the City of Burlingame's Investment Policy are in
the best interest of the City of Burlingame.
NOW, THEREFORE, the City Council of the City of Burlingame does resolve as follows:
1. The City Council authorizes the deposit and withdrawal of funds of the City of Burlingame into
and out of the Local Agency Investment Fund in the California State Treasury in accordance
with the provisions of the California Government Code 16429.1 for the purpose of investment
as stated herein, and further, the City Council authorizes the State Treasurer's Office to verify
all banking information provided in that regard.
2. The City Council authorizes the following City officers or their successors in office, to deposit
or withdraw City of Burlingame funds into or out of the Local Agency Investment Fund:
Changwei (Helen) Yu -Scott Karen Huang Margaret Ono
Finance Director Deputy Finance Director Accounting Technician
3. The City Council directs that these authorizations and designations shall remain in effect until
such time as the City notifies the Local Agency Investment Fund in writing of any changW..
Ann O'Brien Keighran, Mayor
I, Meaghan Hassel -Shearer, City Clerk of the City of Burlingame, do hereby certify that the
foregoing Resolution was introduced at a regular meeting of the City Council held on the 161h day of
August, 2021, and was adopted thereafter by the following vote:
AYES: COUNCILMEMBERS: BEACH, BROWNRIGG, COLSON, O'BRIEN KEIGHRAN, ORTIZ
NOES: COUNCILMEMBERS: NONE:
ABSENT: COUNCILMEMBERS: NONE DocuSigned by:
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Meaghan Hassel -Shearer, City Clerk