HomeMy WebLinkAboutSA-RDA 057RESOLUTION NO. SA-RDA 057
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT
AGENCY AUTHORIZING THE INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND
WHEREAS, the Local Agency Investment Fund is established in the State
Treasury under Califomia 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 Board of Directors hereby finds that the deposit and withdrawal
of money in the Local Agency Investment Fund, in accordance with California
Government Code Section 16429.1 et. seq., for the purpose of investment as provided
therein, is in the best interests of the Successor Agency to the Palm Desert
Redevelopment Agency ("Successor Agency").
NOW THEREFORE, BE IT RESOLVED, that the Board of Directors hereby
authorizes the deposit and withdrawal of Successor Agency monies in the Local Agency
Investment Fund in the State Treasury, in accordance with California Govemment Code
Section 16429.1 et. seq., for the purpose of investment as provided therein.
BE {T 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 al1 documents necessary or advisable in order to effectuate the
purposes of this resolution and the transactions contemplated hereby:
Janet M. Moore
Director of Finance &
City Treasurer
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Jose Luis Espinoza Thomas J. Metz
Assistant Finance Director Deputy City Treasurer
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Section 2. This resolution shall"re'main in full force and effect until rescinded by
the Board of Directors by resolution, and a copy of the resolution rescinding this
resolution is filed with the State Treasurer's Office.
RESOLUTION N0. SA=RDA 057
PASSED AND ADOPTED, by the Board of Directors of the Successor Agency to the
Palm Desert Redevelopment Agency, in the City Palm Desert, County of Riverside, "'
State of Califomia, at its regular meeting held on this 26th day of Mav, 2016, by the
following vote, to wit: �
AYES: HARNIK, JONATHAN, TANNER, WEBER, & SPIEGEL
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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ATTEST:
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APPROVED AS TO FORM:
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3T T�ARG EA'V,�S, CITY ATTORNEY
BESI� & K GE�i, LLP
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