HomeMy WebLinkAboutReso 42-25 Updating the Designation of Positions Authorized to Approve Local Agency Invest
Reso. No. 42-25, Item 5.11, Adopted 06/03/2025 Page 1 of 2
RESOLUTION NO. 42 – 25
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
UPDATING THE DESIGNATION OF POSITIONS AUTHORIZED TO APPROVE
LOCAL AGENCY INVESTMENT FUND TRANSACTIONS
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 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 Dublin; and
WHEREAS, Resolution 12-82 authorized the deposit and withdrawal of the City of Dublin
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; and
WHEREAS, Resolution 26-07 authorized and designated the incumbents in the positions of
City Manager, Assistant City Manager, Administrative Services Director, and Finance Manager to
order the deposit and withdrawal of the City of Dublin monies in the Local Agency Investment Fund;
and
WHEREAS, the City Council approved changes to the Personnel System in June and
September of 2023, changing the Administrative Service Director to Finance Director and Assistant
Director of Administrative Services to the Accounting Manager, respectively, requiring a change in
the authorized positions for the Local Agency Investment Fund.
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby updates the City’s
designation of authority for the deposit and withdrawal of the City of Dublin 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 City of Dublin officers holding the title(s) specified hereinbelow 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:
Colleen Tribby
City Manager
Jeff Baker
Assistant City Manager
Jay Baksa
Finance Director
Wendy Lam
Accounting Manager
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Reso. No. 42-25, Item 5.11, Adopted 06/03/2025 Page 2 of 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.
PASSED, APPROVED AND ADOPTED this 3rd day of June 2025, by the following vote:
AYES: Councilmembers Josey, McCorriston, Qaadri and Mayor Hu
NOES:
ABSENT: Councilmember Morada
ABSTAIN:
______________________________
Mayor
ATTEST:
_________________________________
City Clerk
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