Resolution 2016-24I
RESOLUTION NO. 2016-24
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY
AUTHORIZING THE INVESTMENT OF MONIES IN THE LOCAL
AGENCY INVESTMENT FUND
WHEREAS, the Local Agency Investment Fund is established in the State Treasury under
Government Code Section 16429.1 et seq. for the deposit of money of a local agency for purposes of
investment by the State Treasurer; and
WHEREAS, the City Council of the City of Gilroy hereby finds that the deposit and
withdrawal of money in the Local Agency Investment Fund in accordance with Government Code
Section 16429.1 et seq. for the purpose of investment as provided therein is in the best interests of
the City of Gilroy.
NOW, THEREFORE BE IT RESOLVED, that the City Council hereby authorizes the
deposit and withdrawal of Gilroy 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.
BE IT FURTHER RESOLVED, as follows:
Section 1. The following Gilroy officers holding the titles specified herein below, 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
documents necessary or advisable in order to effectuate the purposes of this resolution and the
transactions contemplated hereby:
Gabriel Gonzalez, City Administrator
Signature
Vacant, Finance Director
Barbara Voss, Assistant Finance Director
-' N I a�� LIg
Signs e
RESOLUTION NO. 2016-24
2
Section 2. This resolution shall remain in full force and effect until rescinded by the City
Council by resolution and a copy of the resolution rescinding this resolution is filed with the State
Treasurer's Office.
PASSED AND ADOPTED this 2nd day of May, 2016, by the following roll call vote:
AYES: COUNCILMEMBERS: AULMAN, BRACCO, HARNEY, LEROE-
MUNOZ, TUCKER, VELASCO and WOODWARD
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
61V/
W,bo&vard, Mayor
RESOLUTION NO. 2016-24
I, SHAWNA FREELS, City Clerk of the City of Gilroy, do hereby certify that the
attached Resolution No. 2016 -24 is an original resolution, or true and correct copy of a city
Resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said
Council held on the 2 "d day of May, 2016 at which meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of
the City of Gilroy this 9d' day, of)May, 2016.
reels, MMC -
of the City of Gilroy
(Seal)