HomeMy WebLinkAboutReso - CC - 069-2023
RESOLUTION NO. 069-2023
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME AUTHORIZING
INVESTMENT OF MONIES IN THE 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 Darlene Wong Karen Cao Margaret Ono
Finance Director Financial Services Manager Financial Services Manager 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
changes.
__________________________________
Michael Brownrigg, 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 5th day of
June, 2023, and was adopted thereafter by the following vote:
AYES: COUNCILMEMBERS: BEACH, BROWNRIGG, COLSON, ORTIZ, STEVENSON
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
__________________________________
Meaghan Hassel-Shearer, City Clerk
DocuSign Envelope ID: F602E822-FD09-4630-ADA9-5E36EDC34B90