HomeMy WebLinkAboutSA-RDA 093RESOLUTION NO. SA -RDA 093
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY
73-510 Fred Waring Drive, Palm Desert, CA 92260 TEL: 760.346.0611, x323
AUTHORIZING INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT FUND
WHEREAS, The Local Agency Investment Fund is established in the State
Treasury under Government Code Section 16429.1 et. seq., for the deposit of
money of a local agency for purposes of investment by the State Treasurer; and
WHEREAS, the Successor Agency to the Palm Desert Redevelopment
Agency ("Successor Agency") hereby finds that the deposit and withdrawal of
money in the Local Agency Investment Fund in accordance with Government Code
Section 16429.1 et. seq., for the purpose of investment as provided therein, is in
the best interests of the City of Palm Desert.
NOW THEREFORE, BE IT RESOLVED, that the Successor Agency hereby
authorizes the deposit and withdrawal of Successor Agency monies in the Local
Agency Investment Fund in the State Treasury in accordance with Government
Code Section 16429.1 et. seq., for the purpose of investment as provided therein.
BE IT FURTHER RESOLVED, as follows:
Section 1. The following Successor Agency officers holding the titles specified
hereinbelow or their successors in office are each hereby authorized to order
the deposit or withdrawal of monies in the Local Agency Investment Fund, and
may execute and deliver any and all documents necessary or advisable in order
to effectuate the purposes of this resolution and the transactions contemplated
hereby:
Veronica Chavez
City Treasurer
Jose Luis Espinoza
Deputy Finance Director
Kalaina Perez
Management Analyst
Section 2. This resolution shall remain in full force and effect until rescinded by
the Successor Agency by resolution, and a copy of the resolution rescinding this
resolution is filed with the State Treasurer's Office.
RESOLUTION NO. SA -RDA 093
PASSED, APPROVED, AND ADOPTED, by the Successor Agency to the
Palm Desert Redevelopment Agency, Riverside County, State of California, at its
regular meeting held on this 10th day of March 2022, by the following vote, to wit:
AYES:JONATHAN, KELLY, NESTANDE, QUINTANILLA, AND HARNIK
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
IAN C. H NIK, MAY
11
NIAMH M. ORTEG E P U TY CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
APPROVED AS TC FORM:
RAOBE HARGfEVES\,QITY ATTORNEY
BEST, BLST & KRIGER, 4-LO