HomeMy WebLinkAboutReso 11-2014RESOLUTION NO. 11 -2014
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION CONFIRMING THE APPOINTMENT OF
DEPUTY CITY TREASURERS
WHEREAS, the City of South San Francisco ( "City ") has an elected City Treasurer whose
election has been certified by the City Clerk; and
WHEREAS, the City Treasurer is an elected position, and that position has the authority to
appoint Deputy Treasurers at his or her discretion; and
WHEREAS, it is in the best interests of the City and prudent to have additional Deputy
Treasurers available to assist the Treasurer in the event the City Treasurer is not available.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San
Francisco that the City Council hereby confirms and certifies the City Treasurer's appointments for:
Jim Steele, City Finance Director and Deputy Treasurer;
Richard Lee, Financial Services Manager and Deputy Treasurer
BE IT FURTHER RESOLVED, by the City Council of the City of South San Francisco that
the Deputy Treasurers are authorized to carry out investment transactions on behalf of the City,
which includes, but is not limited to the authority to deposit and withdraw funds of the City of South
San Francisco monies in the Local Agency Investment Fund (LAIF) 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
BE IT FURTHER RESOLVED, by the City Council of the City of South San Francisco that
the City Manager and Finance Director are hereby authorized to execute forms and agreements to
carry out the intent of this Resolution, including, but not limited to forms and agreements with the
City's banking and investment institutions in order to add the Deputy Treasurers as authorized
signatories to banking and investment arrangements.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
City Council of the City of South San Francisco at a regular meeting held on the 12th day of
February, 2014 by the following vote:
AYES: Councilmembers Mark N Addiego Pradeo Gupta and Liza Normandy
Vice Mayor Richard A Garbarino and Mayor Karyl Matsumoto
NOES: None
ABSTAIN:
ABSENT: N
ATTEST:
Anna Brown, Deputy City Clerk