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RESOLUTION NO. SA -RDA - 080
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY 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 Successor Agency to the
Palm Desert Redevelopment Agency (hereafter referred to as the "Successor Agency"), which is
attached hereto, and incorporated herein by reference; and
WHEREAS, pursuant to Palm Desert Municipal Code section 3.08.020, the Successor
Agency Board has delegated the authority to invest all public funds that the Successor Agency
holds, to the treasurer.
NOW, THEREFORE BE IT RESOLVED, by the Successor 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 Successor Agency
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 Successor Agency
to the Palm Desert Redevelopment Agency, 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
ATTEST:
HA, ACTIN SECRETARY
AGENCY- THE
RT REDEVELOPMENT AGENCY
RGR AVE'., CITY ATTORNEY
BE T, BEST & KRIEG , LP
GINA NESTANDE, CHAIR
RESOLUTION NO. SA-RDA-080
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