HomeMy WebLinkAboutCC Reso 2018-34 - Authorizing Investment of Monies in LAIF RESOLUTION NO. 2018-34
RESOLUTION OF THE CITY OF UKIAH 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 in the State
Treasury for deposit of money of a local agency for purposes of investment by the State Treasurer;
and
WHEREAS, the City Council 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 best interests of the
Agency; and
NOW, THEREFORE, IT IS HEREBY RESOLVED, that the City Council does hereby
authorize the deposit and withdrawal of City of Ukiah 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 of investment as stated therein, and verification by the State
Treasurer's Office of all banking information provided in that regard.
BE IT FURTHER RESOLVED, that the following City of Ukiah officers or their
successors in office shall be authorized to order the deposit or withdrawal of monies in the Local
Agency Investment Fund, Exhibit A:
Sage Sangiacomo, City Manager
Shannon Riley, Deputy City Manager
Daniel Buffalo, Finance Director
Sheri Mannion, Director of Human Resources/Risk Management
Allen Carter, Treasurer
PASSED AND ADOPTED this 7th day of November, 2018, by the following roll call vote:
AYES: Councilmembers Brown, Scalmanini, Crane, Mulheren, and Mayor Doble
NOES: None
ABSENT: None
ABSTAIN: None
vin e, ayor
r
ATTEST:
Kristine Lawler, City Clerk
3
Exhibit A
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California State Treasurer's Office
Local Agency Investment Fund (LAIF)
Authorization for Transfer of Funds
Effective Date Agency Name LAIF Account#
11/07/2018 City o`Ukiah 98-23-938
Agency's LAIF Resolution# 11 - 39 or Resolution Date 11/07/2018
ONLY the following individuals whose names appear in the table below are hereby authorized to order the
deposit or withdrawal of funds in LAIF. This authorization REPLACES AND SUPERSEDES all prior
authorizations on file with LAIF for the transfer of funds.
Name Title
Sage Sangiacomo City Manager
Shannon Riley Deputy City Manager
Daniel Buffalo Finance Director
Sheri Mannion Director of Human Resources/Risk Management
Allen Carter Treasurer
Two authorized signatures required. Each of the undersigned certifies that he/she is authorized to execute this
form under the agency's resolution, and that the information contained herein is true_ and correct.
Sig ture ignature
S ge Sangiacomo Shannon Riley
Print Name Print Name
City Manager Deputy City Manager
Title Title
707-463-6221 707-467-5793
Telephone Telephone
Please provide email address to receive LAIF notifications.
Name Email
Sage Sangiacomo ssangiacomo@cityofukiah.com
Daphine Harris dharhs@cityofukiah.com
Mail completed form to: State Treasurer's Office
Local Agency Investment Fund
P.O.Box 942809
Sacramento,CA 94209-0001
STO-LAIF-4008
Revised 8/2018