HomeMy WebLinkAbout456SA_CCv0001.pdf RESOLUTION NO. 456
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 Cade 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 CITY COUNCIL 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 January 16, 2013, through January 15, 2014, 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 15th day of January,2013.
Pete Aguilar, Chairperson
ATTEST:
S in. A en - Secretary
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1, Sam Irwin, Secretary of the Successor Agency, hereby certify that the foregoing Resolution was
duly adopted by the Agency Board at a special meeting thereof held on the 150aday offinuary,2013,
by the following vote:
AYES: Members Harrison,Foster, Gardner, Gilbreath, Chairman Aguilar
NOES: None
ABSTAIN: None
ABSENT: None
Agency Secretary
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