SUBJECT: Authorization of Signing Authority for City Bank Accounts and Local Agency Investment Fund REPORT IN BRIEF Considers authorizing to grant 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/Successor Agency to the Redevelopment Agency of the City of Merced - Adopt a motion: A. Adopting Resolution 2024-16, a Resolution of the City Council of the City of Merced, California, authorizing signature of City checks; and, B. Adopting Resolution 2024-17, 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 2024-01, a Resolution of the City of Merced Public Financing and Economic Development Authority authorizing signature of Authority checks; and, D. Adopting Resolution PFA 2024-02, 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 2024-01, a Resolution of the Parking Authority of the City of Merced, California, authorizing signature of Parking Authority checks; and, F. Adopting Resolution PA 2024-02, a Resolution of the Parking Authority of the City of Merced, California authorizing investment of City of Merced monies in Local Agency Investment Fund; and, G. Adopting Resolution SA 2024-02, a Resolution of the Successor Agency to the Redevelopment Agency of the City of Merced, California, authorizing signature of Successor Agency to the Redevelopment Agency of the City of Merced checks; and, H. Adopting Resolution SA 2024-03, a Resolution of the Successor Agency to the Redevelopment Agency of the City of Merced, California, authorizing investment of the City of Merced monies in Local Agency Investment Fund; and,

Consent Item Passed Introduced December 27, 2023

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: December 27, 2023
On agenda: February 5, 2024
Passed: February 5, 2024

Where it was heard