HomeMy WebLinkAboutReso 66-2011 RESOLUTION NO. 66 -2011
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 and to assume Investment Management functions in
compliance with the City's Investment Policy 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:
Frank Risso, Deputy Treasurer;
Jim Steele, City Finance Director and Deputy Treasurer;
Colleen Tribby, City Budget Manager, and Deputy Treasurer;
Gloria Taormina, Assistant 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 a special acknowledgement is hereby granted to Assistant Deputy Treasurer, Gloria
Taormina, for her long and continued service to the City of South San Francisco; 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 8 day of
June 2011 by the following vote:
AYES: Councilmembers Mark Addiego and Pedro Gonzalez,
Vice Mayor Richard A. Garbarino and Mayor Kevin Mullin
NOES: None
ABSTAIN: None
ABSENT: Councilmember Karyl Matsumoto
ATTE'.T:• O
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