HomeMy WebLinkAboutSA-RDA 102RESOLUTION NO. SA-RDA 102
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 City of 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.
ADOPTED ON DECEMBER 14, 2023.
KARINA QUINTANILLA
BOARD CHAIRPERSON
ATTEST:
ANTHONY J. MEJIA
SECRETARY TO THE BOARD
DocuSign Envelope ID: BC0371AF-3DAC-4A54-B7C2-907E65DBED52
Resolution No. SA-RDA 102 Page 2
I, Anthony J. Mejia, City Clerk of the City of Palm Desert, hereby certify that
Resolution No. SA-RDA 102 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 December 14, 2023, by
the following vote:
AYES: HARNIK, KELLY, NESTANDE, TRUBEE, AND QUINTANILLA
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
RECUSED: NONE
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Desert, California, on ______________.
ANTHONY J. MEJIA
CITY CLERK
DocuSign Envelope ID: BC0371AF-3DAC-4A54-B7C2-907E65DBED52
1/12/2024