SUBJECT: Authorization of Signing Authority for City Bank Accounts and Local Agency Investment Fund REPORT IN BRIEF Considers granting the City’s Officers signing authority for City bank accounts and Local Agency Investment Fund. RECOMMENDATION City Council/Public Financing and Economic Development Authority/Parking Authority - Adopt a motion: A. Adopting Resolution 2023-40, a Resolution of the City Council of the City of Merced, California, authorizing signature of City checks; and, B. Adopting Resolution 2023-41, a Resolution of the City Council of the City of Merced, California, authorizing investment of City of Merced monies in Local Agency Investment Fund; and, C. Adopting Resolution PFA 2023-01, a Resolution of the City of Merced Public Financing and Economic Development Authority authorizing signature of Authority checks; and, D. Adopting Resolution PFA 2023-02, a Resolution of the City of Merced Public Financing and Economic Development Authority authorizing investment of City of Merced monies in Local Agency Investment Fund; and, E. Adopting Resolution PA 2023-01, a Resolution of the Parking Authority of the City of Merced, California, authorizing signature of Parking Authority checks; and, F. Adopting Resolution PA 2023-02, a Resolution of the Parking Authority of the City of Merced, California authorizing investment of City of Merced monies in Local Agency Investment Fund.

Consent Item Passed Introduced May 23, 2023

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: May 23, 2023
On agenda: June 20, 2023
Passed: June 20, 2023