HomeMy WebLinkAboutSA-RDA 096RESOLUTION NO. SA -RDA 096
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE PALM
DESERT REDEVELOPMENT AGENCY AUTHORIZING THE
INVESTMENT OF MONIES IN THE RIVERSIDE COUNTY TREASURER'S
POOLED INVESTMENT FUND AND IN THE LOCAL AGENCY
INVESTMENT FUND AND RESCINDING RESOLUTIONS NO. SARDA-
091 AND SARDA-093
WHEREAS, pursuant to California Government Code Sections 270001. and
27000.1 (b), the Riverside County Treasurer is authorized to invest or reinvest the monies
of local agencies in the count treasury, and to hold such monies in trust; and
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") does hereby find that the deposit and withdrawal of monies in the
Riverside County Treasurer Pooled Investment Fund and the Local Agency Investment
Fund for the purpose of investment, is in the best interests of the Successor Agency.
NOW, THEREFORE, BE IT RESOLVED BY THE Successor Agency as follows:
SECTION 1. That the foregoing Recitals are true and correct and are incorporated
herein by this reference:
SECTION 2. The Successor Agency does hereby authorize the deposit and
withdrawal of monies in the Riverside County Treasurer's Pooled Investment Fund and
in the Local Agency Investment Fund for the purpose of investment. The following City of
Palm Desert officers holding the titles specified hereinbelow or their successor in office
are each hereby authorized to order the deposit or withdrawal of monies in the Riverside
County Treasurer's Pooled Investment Fund and 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 the resolution and the transaction contemplated hereby:
Veronica Chavez
Finance Director &
Citv)r asurer
Liberty Urban
Deputy Finance Director
John Ramont
Deputy Finance Director
/1iA_
i
James Bounds
finance Supervisor
Resolution No. SA -RDA 096
Page 2
SECTION 3. The Successor Agency hereby rescinds Resolutions SA -RDA 091
and SA -RDA 093 and all other resolutions in conflict herewith.
ADOPTED ON NOVEMBER 17, 2022.
ATTEST:
I l d,-,
A61,TfiONYJ.
SECRETARY
N C. HART IK
HAIR
I, Anthony J. Mejia, City Clerk of the City of Palm Desert, hereby certify that
Resolution No. SA -RDA 096 is a full, true, and correct copy, and was duly adopted at a
regular meeting of the City Council of the City of Palm Desert on November 17, 2022, by
the following vote:
AYES: JONATHAN, KELLY, NESTANDE, QUINTANILLA, AND HARNIK
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
RECUSED: NONE
IN WITNESS WHEREOF, 1 have hereunto set my hand and affixed the official seal of the
City of Palm Desert, California, on December 12, 2022.
FTHONY J. M JIA
CITY CLERK