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GIDA Resolution 2016-01GIDA RESOLUTION NO. 2016-01 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE GILROY INDUSTRIAL DEVELOPMENT AUTHORITY RESCINDING RESOLUTION 2009 -02 AND APPROVING PARTICIAPTION IN THE LOCAL AGENCY INVESTMENT FUND AND NAMING CITY OFFICIALS AUTHORIZED TO ORDER DEPOSITS AND WITHDRAWALS 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 Board of Directors of the Gilroy Industrial Development Authority 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 Gilroy Industrial Development Authority. NOW, THEREFORE BE IT RESOLVED, that the Board of Directors hereby authorizes the deposit and withdrawal of Gilroy Industrial Development Authority 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 City 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 Barbara Voss, Assistant Finance Director Signature Signature Vacant, Finance Director GIDA RESOLUTION NO. 2016-01 4 Section 2. This resolution shall remain in full force and effect until rescinded by the Board by resolution and a copy of the resolution rescinding this resolution is filed with the State Treasurer's Office.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 vote: AYES: BOARDMEMBERS: AULMAN, BRACCO, HARNEY, LEROE- MUNOZ, TUCKER, VELASCO and WOODWARD NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NONE Chairperson GIDA RESOLUTION NO. 2016-01 I, SHAWNA FREELS, Secretary of the Gilroy Industrial Development Authority, do hereby certify that the attached Resolution No. 2016 -01 is an original resolution, or true and correct copy of a city resolution, duly adopted by the Board of Directors of the Gilroy Industrial Development Authority at a meeting of said Board held on the 2nd 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 9h day of May, 2016. Freels, MMC " — - y of the Gilroy Industrial Development Authority (Seal)