HomeMy WebLinkAboutReso 79-16 Reaffirm LAIF Investments and Designate Transaction OfficersRESOLUTION NO. 79-16
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORRO BAY, CALIFORNIA
TO REAFFIRM INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND AND
DESIGNATE TRANSACTION OFFICERS
THE CITY COUNCIL
City of Morro Bay, California
WHEREAS, Resolution No. 45-15, dated June 23, 2015, authorized the City of Morro Bay to
continue investing funds with the State of California's Local Agency Investment Fund (LAIF); and
WHEREAS, the officers, then authorized to order deposit and withdrawal of monies, and
affect changes to the account, have changed.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay,
California:
1, Resolution No. 45-15 and any and all resolutions relating to investing funds through LAIF are
rescinded and replaced in their entirety with the passage of this Resolution; and
2. the City will continue investing with LAIF, and designates the following officers to deposit and
withdraw funds, and affect changes to the account:
David Buckingham
Craig Schmollinger
Sandra Martin
Valerie Webb
City Manager
Finance Director/ I reasurer
Budget/Accounting Manager
Senior Accounting Technician
PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular meeting
thereof, held on the 13'h day of December 20167 by the following vote:
AYES: Irons, Davis, HeaAA; ng, MakowetsLe; , McPherson
NOES: None
ABSENT: None
ABSTAIN: None
JAF IE L. IRONS, Mayor
ATTEST:
SWANSON, City Clerk