DATE: November 1, 2022
TO: Mayor and City Council
FROM: Director of Finance
SUBJECT
Adoption of a Resolution Supporting Public Bank East Bay and Authorizing a Letter of Support to the Alameda County Board of Supervisors
RECOMMENDATION
That the Council adopts a resolution (Attachment II) approving support of Public Bank East Bay, and letter of support to the Alameda County Board of Supervisors supporting participation in Public Bank East Bay (Attachment III).
SUMMARY
This report provides an overview of Public Bank East Bay including a recommendation that Council adopts a resolution in support of the Public Bank East Bay and a letter of support to Alameda County Board of Supervisors. The Council Budget and Finance Committee reviewed this item on September 21, 2022 and recommended approval to Council.
ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution
Attachment III City Public Banking Letter of Support