HomeMy WebLinkAboutSA483 RESOLUTION NO 483
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER
REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS DELEGATING
INVESTMENT AUTHORITY TO THE CITY TREASURER, PURSUANT TO
GOVERNMENT CODE SECTION 53607
WHEREAS, Government Code Section 53607 authorizes the legislative body of a local
agency to delegate the duties of investing or reinvesting funds of the agency, or to sell or exchange
securities so purchased, to the Treasurer of such agency for a period not exceeding one year, and
WHEREAS, it is the desire of the Board of the Successor Agency to the fonner
Redevelopment Agency of the City of Redlands,to delegate investment authonty of successor agency
funds to the Successor Agency's Treasurer,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF THE SUCCESSOR
AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS
AS FOLLOWS
Section 1 That the Treasurer of the City of Redlands is hereby delegated the authority to
invest, or reinvest funds of the Successor Agency, or to sell or exchange securities so purchased, for
the period coininencing on October 5,2017,through October 4,2018,pursuant to Goverment Code
Section 53607
Section 2 That the Treasurer shall prepare a monthly report to the Board of the Successor
Agency of all transactions subject to this Resolution, as required by Government Code Section
53607
ADOPTED, SIGNED AND APPROVED this 3rd day of October, 2017
Paul W Foster, Chairman
ATTEST
J e Donaldson, Secretary
I lcclerklResolutions\REDEVELOPMENT-SUCCESSOR AGENCYISuccessor AgencyNos 452-1483 Annual
Delegation City Treasurer Successor Agency doc
I, Jeannie Donaldson, Secretary of the Successor Agency,hereby certify that the foregoing Resolution
was duly adopted by the Agency Board at a regular meeting thereof held on the 3rd day of October,
2017, by the following vote
AYES Boardmembers Harrison, Barich, Tejeda, Chairperson Foster
NOES None
ABSTAIN None
ABSENT None
Je e Donaldson, Secretary
I lcclerk\Resolutions\REDEVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-1483 Annual
Delegation City Treasurer Successor Agency doc