Resolution Number CRA 02-12-03-01RESOLUTION NO. CRA 02-12-03-01
A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY DELEGATING TO THE AGENCY
FINANCE OFFICER AUTHORITY TO DEPOSIT AGENCY FUNDS AND
TO INVEST AND REINVEST AGENCY FUNDS, AUTHORIZING
SIGNATURES, AND REPEALING RESOLUTION NO. CRA 01-12-04-01
WHEREAS, Article 1, Chapter 6, Division 1, of the California Health and Safety
Code authorizes the San Juan Capistrano Community Redevelopment Agency to invest
and reinvest available funds in certain designated securities as listed in Section 33603
of that Code; and,
WHEREAS, prudent supervision of Agency fiscal affairs requires the deposit of
and/or the investment or reinvestment of all Agency monies in state or national banks or
state or federal savings and loan associations, and that the Agency Finance Officer is
hereby authorized to establish such accounts.
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the San
Juan Capistrano Community Redevelopment Agency does hereby delegate the
' authority on the above -referenced items to the Agency Finance Officer.
BE IT FURTHER RESOLVED that the following Agency Officers are hereby
authorized to draw checks on said deposit account of the San Juan Capistrano
Community Redevelopment Agency, and that such authorizations are duly certified by
the Agency Secretary and on file at depositories. Depositories are hereby authorized to
honor and pay any and all checks so signed:
Wyatt Hart
Joe Soto
George Scarborough
Cynthia L. Russell
Margaret R. Monahan
Chairman, or
Vice Chairman, and
Executive Director, or
Agency Finance Officer, or
Agency Secretary
BE IT FURTHER RESOLVED that the signature of the Chairman or Vice
Chairman may be facsimiles.
BE IT FURTHER RESOLVED that Resolution No. CRA 01-12-04-01is hereby
repealed.
1 12-03-02
PASSED, APPROVED AND ADOPTED this 3rd day of December 2002.
ATTEST: /
Mar a et . Monahan, Agency Secretary
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARGARET R. MONAHAN, appointed Agency Secretary of the Community Redevelopment
Agency of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No.
CRA 02-12-03-01 was duly adopted by the Board of Directors of the Community
Redevelopment Agency at a regular meeting thereof, held the 3rd day of December 2002, by
the following vote:
AYES: DIRECTORS: Bathgate, Gelff, Swerdlin, Soto, and Chairman Hart
NOES DIRECTORS: None
ABSENT: DIRECTORS: None
v
MATET R. MONAHAN, Agency Secretary
12-03-02