CC RESOLUTION 5366RESOLUTION NO. 5366
A RESOLUTION AUTHORIZING THE INVESTMENT OF
CITY MONIES IN THE LOCAL AGENCY INVESTMENT
FUND BY SPECIFIED CITY OFFICERS.
The City Council of the City of El Segundo does resolve as follows:
SECTION 1. Findings. The City Council finds as follows:
A. The Local Agency Investment Fund ("LAIF") is established in the State
Treasury under Government Code § 16429.1 et. seq. for the deposit of
money of a local agency for purposes of investment by the State Treasurer.
B. Deposit and withdrawal of money in the LAIF in accordance with Government
Code § 16429.1 et seq. for investment purposes is in the City's best interests.
SECTION 2. Authorization.
A. The City Council authorizes the deposit and withdrawal of City monies in the
LAIF for investment purposes in accordance with Government Code §
16429.1 et. seq.
B. The following City officers holding the specified titles or their successors in
office are each authorized to order the deposit or withdrawal of monies in the
LAIF and may execute and deliver any and all documents necessary or
advisable to effectuate this Resolution's purposes and associated
contemplated transactions:
1. Darrell George — City Manager
2. Joseph Lillio - Chief Financial Officer
3. Matthew Robinson — City Treasurer
4. Dino Marsocci — Treasury & Customer Services Manager
5. Jasmine Allen — Deputy City Treasurer II
6. Latonya Fair — Deputy City Treasurer I
SECTION 3. Severability. If any part of this Resolution or its application is
deemed invalid by a court of competent jurisdiction, the City Council intends that such
invalidity will not affect the effectiveness of the remaining provisions or applications and,
to this end, the provisions of this Resolution are severable.
SECTION 4. Signature Authority. The Mayor, or presiding officer, is hereby
authorized to affix his signature to this Resolution signifying its adoption by the City
Council of the City of El Segundo, and the City Clerk, or her duly appointed deputy, is
directed to attest thereto.
RESOLUTION NO. 5366
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SECTION 5. Rescission; Effective Date. Any resolutions in conflict with the
provisions herein are superseded. This Resolution will take effect immediately upon
adoption by the City Council until rescinded.
SECTION 6. City Clerk Direction. The City Clerk will certify to the passage and
adoption of this Resolution, enter it in the City's book of original Resolutions, and make a
record of this action in the meeting's minutes.
PASSED, APPROVED AND ADOPTED this 20t" day of September, 2022.
Drew BqyCitr, Mayor
ATTEST:
-im"e"d Omtau
Tracy Weaver, City Clerk
APPROVED AS TO FORM:
) -4r--
Mark D. Hensley, City Attorney
RESOLUTION NO. 5366
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CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, Tracy Weaver, City Clerk of the City of El Segundo, California, do hereby certify that
the whole number of members of the City Council of said City is five; that the foregoing
Resolution No. 5366 was duly passed, approved, and adopted by said City Council at a
regular meeting held on the 20t" day of September, 2022, approved and signed by the
Mayor, and attested to by the City Clerk, by the following vote:
AYES: Mayor Boyles, Mayor Pro Tern Pimentel, Council Member Pirsztuk,
Council Member Nicol and Council Member Giroux
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS MY HAND THE OFFICIAL SEAL OF SAID CITY this day of
September, 2022.
Tr y Weaver, City Clerk
of the City of El Segundo,
California
RESOLUTION NO. 5366
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