HomeMy WebLinkAbout493RESOLUTION NO. 493
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 former
Redevelopment Agency of the City of Redlands, to delegate investment authority 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 commencing on March 16, 2023 through March 15, 2024, pursuant to Government 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 7th day of Mar i23
Eddie Tejeda, Chairma
ATTEST:
aline Donaldson, Secretary
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I:\Resolutions\Z-REDEVELOPMENT-SUCCESSOR AGENCY\ Successor Agency Nos 452-\493 Annual delegation City Treasurer Successor
Agency.doc
I, Jeanne 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 7th day
of March, 2023, by the following vote:
AYES: Vice Chairman Barich, Board Members Davis, Guzman -Lowery, Saucedo;
Chairman Tejeda
NOES: None
ABSENT: None
ABSTAINED: None
Donaldson, Secretary
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I:\Resolutions\Z-REDEVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-\493 Annual delegation City Treasurer Successor
Agency.doc