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Resolution Number SACRA 17-12-05-01SACRA RESOLUTION NO. 17-12-05-01 A RESOLUTION OF THE SUCCESSOR AGENCY OF THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY DELEGATING TO THE FINANCE OFFICER AUTHORITY TO DEPOSIT AGENCY FUNDS AND TO INVEST AND REINVEST AGENCY FUNDS, AND AUTHORIZING SIGNATURES AND REPEALING SACRA RESOLUTION NO. 16-12-12-01 WHEREAS, pursuant to AB 1X 26 (Stats. 2011, 151 Ex. Sess. 2011-2012, Chpt. 5) and City Council Resolution 12-01-10-01 the City of San Juan Capistrano became the Successor Agency of the San Juan Capistrano Community Redevelopment Agency; and WHEREAS, the provisions of Article 2 (commencing with Section 53630) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code authorizes the Agency to invest and reinvest available funds in certain designated securities as listed in the provisions of that Code and in accordance with the City's adopted investment policy; and, WHEREAS, prudent supervision of Agency fiscal affairs requires the deposit of and/or the investment or reinvestment of all Agency monies in accordance with the City's adopted Investment Policy, and that the Finance Officer is hereby authorized to establish such accounts. NOW, THEREFORE, BE IT RESOLVED that the City Council as legislative body of the Successor Agency of the San Juan Capistrano Community Redevelopment Agency does hereby delegate the authority on the above-referenced items to the Finance Officer, Ken Al-lmam. BE IT FURTHER RESOLVED that the following Successor Agency Officers are hereby authorized to draw checks on said deposit accounts of the Successor Agency of the San Juan Capistrano Community Redevelopment Agency, and that such authorizations are duly certified by the City Clerk and on file at depositories. Depositories are hereby authorized to honor and pay any and all checks so signed: Derek Reeve Chair, or Kerry K. Ferguson Vice-Chair, and Ken Al-lmam Finance Officer, or Benjamin Siegel Executive Director, or Maria Morris Agency Secretary 1 12/5/2017 BE IT FURTHER RESOLVED that the signature of the Chair or Vice-Chair may be facsimiles . BE IT FURTHER RESOLVED that SACRA Resolution 16-12-12-01 is hereby repealed . PASSED, APPROVED AND ADOPTED this 5th day of December 2017. DEREK REEVE, CHAIR STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss . CITY OF SAN JUAN CAPISTRANO ) I, MARIA MORRIS , appointed Agency Secretary of the Board of Directors of the Successor Agency to the San Juan Capistrano Community Redevelopment Agency, do hereby certify that the foregoing Resolution No. SACRA 17-12-05-01 was duly adopted by the Cit~ Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 5t day of December 2017, by the following vote: AYES: NOES : ABSENT: BOARD MEMBERS: Farias, Maryott, Ferguson and Chair Reeve BOARD MEMBERS : None BOARD MEMBERS: Patterson 2 12/5/2017