Resolution 2018-40I
RESOLUTION NO. 2018-40
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY
RESCINDING RESOLUTION 2016 -58 AND 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 Jimmy Forbis, Finance Director
Signature
Rosemary Guerrero, Finance Manager (Accounting Division)
642-94bod -�LWAD--
Signature
RESOLUTION NO. 2018 -40
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 This resolution shall remain in full force and effect until rescinded by the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.
AYES: COUNCILMEMBERS: BLANKLEY, BRACCO, HARNEY,
TOVAR, TUCKER and VELASCO
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: LEROE -MUNOZ
APPRO D:
Roland Velasco, Mayor
RESOLUTION NO. 2018-40
I, SHAWNA FREELS, City Clerk of the City of Gilroy, do hereby certify that the
attached Resolution No. 2018 -40 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 10'h day of September, 2018, 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 13th day o� September, 2018.
Shawna Freels, MMC
City Clerk of the City of Gilroy
(Seal)