HomeMy WebLinkAbout470 SA_CCv0001.pdf RESOLUTION NO. 470
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, Goverm-nent 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 September 16, 2014 through September 15, 2015, 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 16th day of September, 2014.
. -
Pete Agu' ar, Chairman
ATTEST:
Sam Irwin, Secretary
I:1cclerk\ResolutionslREDEVELOPMENI-SUCCESSOR AGENCY\Succcssor Agency Mos 452-\Reso 470.doc
I, Sam Irwin, 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 16th day of September,
2014, by the following vote:
AYES: Members Harrison, Foster, Gardner, Gilbreath; Chairman Aguilar
NOES: None
ABSTAIN: None
ABSENT: None
Sam Irwin, Secretary
1:\cclerk\ResolutionslREDEVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-\Reso 470.doc