HomeMy WebLinkAboutRES HA-0991
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RESOLUTION NO. HA-99
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY
APPROVING THE PALM DESERT STATEMENT OF INVESTMENT POLICY,
AS AMENDED
WHEREAS, pursuant to California Government Code section 53646, the treasurer has
proposed a Statement of Investment Policy for consideration by the Palm Desert Housing
Authority (hereafter referred to as the "Housing Authority"), which is attached hereto, and
incorporated herein by reference; and
WHEREAS, pursuant to Palm Desert Municipal Code section 3.08.020, the Housing
Authority Board has delegated the authority to invest all public funds that the Housing Authority
holds, to the treasurer.
NOW, THEREFORE BE IT RESOLVED, by the Housing Agency. as follows:
Section 1. The Palm Desert Statement of Investment Policy is hereby approved and
adopted.
Section 2. The authority to invest and reinvest all public funds that the Housing Authority
holds, and to sell or exchange the securities so purchased, in compliance with the terms of the
approved Statement of Investment Policy, is hereby delegated to the treasurer.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Palm Desert
Housing Authority, held on this 19th day of November, 2020, by the following vote to wit:
AYES: HARNIK, JONATHAN, KELLY, WEBER, and NESTANDE
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE fly
GINA NESTANDE, CHAIRMAN
ATTEST:
HA, ACT NG SECRETARY
PALM DE RT HOt'1SI G AUTHORITY
APPROVED
ROBEEAV,ES_ T1, ATTORNEY
BEST, BEST & KRIEGER;I
RESOLUTION NO. HA-99
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